Seminar- India Rising At Defexpo 2022

Indian Chamber of Commerce

The Indian Chamber of Commerce, or ICC as it is popularly known, is the premier body of business and industry in Eastern and North-Eastern India. The membership of the Chamber comprises several of the largest corporate groups in the country, with business operations all over the country and abroad. Over the last few years ICC has truly emerged as a national Chamber of repute, with full-fledged State Offices in New Delhi, Mumbai, Guwahati, Bhubaneshwar, Hyderabad, Agartala, Siliguri and Ranchi functioning efficiently, and building meaningful synergies among Industry and Government by addressing strategic issues of national significance.

Event Details

Defence Opportunities in Asean and Bimstec.

India's Defence Manufacturing Sector has witnessed an overall growth of 3.9% between 2016-20 and the Govt is trying to target US$ 25 Billion by 2025. India also targets Export USD 5 Billion by 2025.

India's defence import value stood at US$ 463 million for FY20and is expected to be at US$469.5 million in FY21. Defence exports in

the country witnessed strong growth in the last two years. India targets to export military hardware worth US$5 billion (Rs.35,000 crore) in the next 5 years.

As of 2019, India ranked 19th in the list of top defence exporters in the world by exporting defence products to 42 countries. India's aim is to build and achieve 'Aatmanirbharta' (self-reliance) in defence and increase defence exports to US$5 billion by 2024.

Apart from the ongoing disputes in the Northern Kashmir as well as North Eastern State of Arunachal Pradesh, ASEANas a regional institution is also faced with several non-traditional security threats in the forms of climate change, cross-border insurgency and international

terrorism, illegal movement of people, trafficking and so on.

In this perspective Indian Chamber of Commerce is organizing a special session on "India Rising - Defense Opportunities in ASEAN & BIMSTEC" at DEF-EXPO 2022, 20th October, 2022,

1.30 pm to 3:30 pm at Gandhinagar, Gujarat, India.