India have the third largest armed force in the world with an annual budget of about USD 38 billion
India is in an era of unprecedented military modernization.
We have the third largest armed force in the world with an annual budget of about USD 38 billion and 40% of this is used for capital acquisition. In the next 7-8 years, we would be investing more than USD 130 billion in modernization of our armed forces.
The Indian defence sector is at the cusp of an inflexion point wherein the future growth will be propelled by indigenous manufacturing both for domestic & global clients. The sector will witness strong growth over the next decade due to its current size, longevity, and competitive advantages. As per FICCI-Centrum report the market opportunity for Indian companies (PSU & Private) will grow 7 times from USD 6 billion in the year 2014 to USD 41 billion by 2022.
India has the fourth largest rail freight carrier in the world and has the largest passenger carrier. Mass Rapid Transit Systems (MRTS) projects are being built across the country. Major developments in this sector cover · Components manufacturing · Transportation projects · Railway lines to and from coal mines and ports · Projects relating to electrification, high-speed tracks and suburban corridors · Power generation and energy-saving projects · Setting up of wagon, coaches and locomotive units · Network expansion etc.
India’s current renewable energy contribution stands at 44.812 GW
India has the fifth largest power generation portfolio in the world and its current renewable energy contribution stands at 44.812 GW which includes fourth largest installed capacity of wind power, third largest installed capacity of concentrated solar power (CSP) and renewable energy contributes 14.7% of the total installed capacity in the country as on July 2016. The Indian Government has an ambitious target of 175 GW of renewable power by 2022 which will includes 100 GW of solar power, 60 GW of wind power, 10 GW of biomass power and 5 GW of small hydro power.