India Defence
ABOUT INDIA ARMED FORCES
The Indian Armed Forces consists of three professional uniformed services: the Indian Army, Indian Navy, and Indian Air Force. Additionally, the Indian Armed Forces are supported by the Indian Coast Guard and paramilitary organisations.
With over 55 Billion USD of annual budget (2.8% GDP) is among the top 5 defence spend budget in the world. The Indian defence market provides greater opportunities as reliance on Russian made equipment’s is decreasing.
OPPORTUNITIES
- Aviation maintenance
- Ship Modernisation
- Submarines
- Weapons and Systems
- Infantry Modernisation
- Tank and ground equipment’s
CHALLENGES
- Over 18 units located at remote areas of India carry out the procurement and contract award process
- Minimum 2 stage tenders process for supplier/OEM/ Products
- Minimum 4 stage process for non-approved supplier/OEM/ Products
- Paper based tenderer submission
- Earnest money deposit at the time of submission and Performance guarantee deposit
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