Indian Defense Market 2017 - Forecast to 2026: New Policy Dynamics, Market Requirements, and Programs Present Myriad Opportunities for Companies - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Indian Defense Market, Forecast to 2026" report to their offering.

According to SIPRI, India was the largest arms importer in the world during 2011-2015. The Indian government has revised the procurement policy after seeking responses from industry stakeholders. The report has analyzed the competitive landscape of defense in India, which consists of public sector undertakings (PSUs), foreign defense companies, and emerging Indian companies.

The Indian Armed Forces have not been able to spend the entire defense budget allocated, owing to straitjacketed procurement procedures and inherent delays; and the gap between allocated and actual defense spending has been increasing over the years. It is expected that the underspend in defense is to decrease during the forecast period, as the government modifies policies to simplify procurement. Reduced underspending will drive defense budgets and the market will expand.

While the three services have had several modernization plans under way, some of these have been stalled due to the lack of clarity and coherence in procurement. The Indian government seeks to address this through the new Defense Procurement Policy (DPP) 2016 that is aimed at streamlining procurement and giving more leeway to suppliers, opening up Foreign Development Investment, allowing single vendor participation for tenders, and initiating a Strategic Partner model.

Key Topics Covered:

1. Executive Summary

2. Indian Defense Market Analysis

3. Drivers and Restraints

4. New Developments, Procurement Stakeholders, and Policies

5. Procurement and DPP 2016

6. Defense Budget Forecast

7. Industry Landscape and Partnership Road Map

8. Defense Technology Road Map and Opportunities

9. Case Studies

10. Modernization Programs Tracker

11. Competitive Landscape-Key Established Participants

12. Growth Opportunities

13. Conclusions and Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/research/gn8kf9/indian_defense

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Military Aerospace and Defense

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Military Aerospace and Defense