PNDC Roundtable: Doing Business in India’s
Defense Security Industry

With Gregory Taevs, Principal Commercial Officer U.S. Consulate General – Mumbai, India

DATE: Friday, October 26, 2018

TIME: 10:00-11:00AM

LOCATION: 7726 SE Harmony Rd.
Harmony West Room 150 
                     Milwaukie, OR 97222                      

COST: PNDC Members: FREE 
This is a member-only event

This is a rare opportunity to meet with Gregory Taevs, Principal Commercial Officer U.S. Consulate General – Mumbai, India in person while he is in Portland, OR. Learn about opportunities and resources to engage with this growing market. 

 Contact PNDC’s offices (888-701-7632/ [email protected]) or RSVP online. Please let us know by October 23rd if you are interested in attending, as this event may be canceled if we do not have a minimum number of attendees. 

India is a growing market with expanding opportunities across multiple sectors. India shares 17.5 percent of the world's population and 2.4 percent of the world's surface area. Currently, India is the 7th largest economic market with a thriving middle class. 

Below is a snapshot of reasons why you should consider India – especially if you are a part of the Aerospace, Defense and Security industries.  

Aerospace

• At $16 billion, India’s aviation market is currently the 9th largest in the world and is expected to be the 3rd largest by 2020, and by 2030, potentially the largest. 
• The Government of India is advancing $110 billion in civil aviation expansion and modernization projects through 2020.  
• KPMG recently estimated India would require over 250 brown field and green field airports by 2020.  

Defense

• India has the 3rd largest armed forces in the world and plans to spend billions in defense acquisitions over the next several years.
• India is the 4th largest defense spender, according to IHS Jane’s latest annual Defense Budgets report.
• It is one of the largest importers of conventional defense equipment in the world, importing approximately 60% of its defense requirements, according to the Government of India. 

Security

• The Indian cyber security market is currently estimated at $2.1 billion and growing at 10 percent annually.
•  According to a leading security software firm, India ranked 3rd on a list of countries worldwide where the highest number of cyber threats were detected and 2nd in terms of targeted attacks in 2017. 
• The Indian information technology trade association, the National Association of Software and Services Companies, expects the Indian IT industry to achieve a market size of $350-400 billion by 2025, and that the cybersecurity product and services segment would be $35 billion by 2025.

 Information provided here is courtesy of the International Trade Administration's Country Commercial Guides.