/PRZOOM - Newswire/ - The Indian Armed Forces’ forthcoming modernization program will make India the Asia Pacific region’s second highest defence spender within the next five years, and the seventh largest globally by 2016.

London, United Kingdom, 05/15/2008 – This year, Frost & Sullivan’s Aerospace & Defence Practice has organised the “Market Growth Opportunities in the Indian Defence Industry” seminar, a semi formal evening briefing to discuss the enormous business opportunities within the Indian Defence Industry and particularly within the Indian Armed Forces. Frost & Sullivan expects that the total spending for the Indian defence market will reach US$ 36.2 billion by 2013. The total opportunities for procurement are forecasted to reach over US$100 Billion by 2022, including the MRO market, while the offset potential during the forecast period is expected to reach US$ 10 Billion by 2013.

This is an exciting and interactive environment where Frost & Sullivan brings high- profile representatives from organisations such as Raytheon, EADS, Lockheed Martin, Thales, QinetiQ, General Dynamics, SAAB, RBS, GE, to meet top-level institutional representatives such as the United Kingdom Trade & Investment, Defence and Naval Advisers from the High Commission of India and many more. Defence industry strategic experts from India and the UK will present an insight into future procurement plans within the Indian Defence sector and opportunities for British and European companies to invest in the Indian defence procurement business in the short, medium and long term. Keynote speakers are Commodore AJ Singh, Naval Adviser, High Commission of India; Dr Pracheesh Mathur, MD, Raytheon / India; and Malcolm Haworth - Operations Director, UKTI Defence & Security Organisation. Frost & Sullivan’s specialists are Lt Col (Ret’d) Ratan Srivastava, Director, Aerospace & Defence, Frost & Sullivan, India and Sarwant Singh, Practice Director & Partner, Aerospace & Defence, Frost & Sullivan, London.

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Contact:
Andrew Thorndyke
Aerospace & Defense Practice, Frost & Sullivan
Andrew.thorndyke[.]frost.com.
T: +44 (0) 1865 398645
F: +44 (0) 1865 398601

Agency / Source: Frost & Sullivan

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