The capital expenditure is projected to grow at an accelerated pace in the Indian aerospace & defense market propelling it to an estimated size of USD 23billion by 2024. Growing focus on indigenous manufacturing and targeted spends of USD 130 Bn on military modernization in the next 5 years, will open up long term opportunities for private sector manufacturers and MSME's engaged in supplies of raw materials, components, assemblies and subassemblies significantly as India realizes its objective of self-reliance.
Bengaluru has for long firmly been entrenched as the aerospace and defence capital of the country and is gearing up to play a larger
role in the world. The large number of defence SMEs and MSMEs in the city and the abundance of human capital, make it easy for companies
to set up shop in Bengaluru and find the right talent. As the home to campuses of organizations like Defence Research And Development Organization
(DRDO), Bharat Electronics Limited (BEL) & Hindustan Aeronautics Limited (HAL) and multiple R&D labs Bengaluru presents the ideal eco-system that an
event like AeroDef Manufacturing India would need.