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Frost & Sullivan - Indian Army's Modernisation Programme Fires Up the Land-based Training and Simulation Market - The Indian land-based training and simulation market is all set to deliver on its promise, with the Indian army embarking on a modernisation programme
Frost & Sullivan - Indian Army's Modernisation Programme Fires Up the Land-based Training and Simulation Market

 

NewswireToday - /newswire/ - Mumbai, India, 2009/01/28 - The Indian land-based training and simulation market is all set to deliver on its promise, with the Indian army embarking on a modernisation programme.

   
 
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It is not only the domestic companies that will benefit from the programme but also the overseas participants, especially considering policies for foreign direct investment (FDI) and private participation is expected to become more favourable.

New analysis from Frost & Sullivan (defense.frost.com), Indian Land-based Training and Simulation Market Assessment, finds that market is expected to grow at a compound annual growth rate of 36 per cent from 2007 to 2017.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an assessment of the Indian land-based training and simulation market, then send an email to Ravinder Kaur/ Nimisha Iyer, Corporate Communications, at ravinder.kaur[.]frost.com/ niyer[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.

"For overseas as well as indigenous companies, strategic alliances such as joint ventures, Memorandum of Understandings/agreements, offset partnerships are very significant," says Frost & Sullivan Research Analyst Srinivas Sishtla. "Choosing the right collaborator in terms of technical know-how, local market knowledge, brand image and past relations with the Indian military, paramilitary and police forces will be vital for success."

These alliances will bode well for Indian software companies as they may get a chance to collaborate with simulator developers to design and supply software required for simulators.

"Advances in software and information technology and the use of commercial off-the-shelf (COTS) technology have encouraged new participants to enter this market," notes Sishtla. "In the last two years, there has been an increase in the number of request for proposals (RFPs) for simulators for the Indian army and this trend is expected to persist."

Apart from the much-vaunted modernisation program, the market has also gained from the greater awareness of the cost, safety and time benefits of simulators. The need for savings on service of worn-out original equipment, fuel, and man-hours; concern for soldier safety during training and the need to train soldiers in the use of new equipment acquired under the modernisation programme will significantly aid this market.

However, the Indian army's low budgets eliminate the prospect of conducting commitment trials on full-fledged simulators for technical evaluation. It also compels the army to choose products in the lowest price range, challenging market participants to manufacture low-cost, yet technologically advanced simulators. This situation may ease in the near future with significant hikes expected in the defence budget by 2009.

For market participants, it is vital to design easily upgradeable and interoperable simulators to increase market shares over time.

Indian Land-based Training and Simulation Market Assessment is part of the Defence Growth Partnership Service program, which also includes research in the following markets: Indian defence market, Indian Air training and simulation market and Indian Sea training and simulation market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership™ empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

Indian Land-based Training and Simulation Market Assessment - M2E8

Contact:
Tanu Chopra
Corporate Communications – Middle East
P: +91 22 4001 3437
F: +91 22 2832 4713
E: tanuc@frost.com

Nimisha Iyer
Corporate Communications – South Asia & Middle East
P: +91 22 4001 3404
F: +91 22 2832 4713
E: niyer@frost.com.

 
 
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Frost & Sullivan - Indian Army's Modernisation Programme Fires Up the Land-based Training and Simulation Market

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Frost & Sullivan |
Publisher Contact: Ravinder Kaur/ Nimisha Iyer 
+91 44 42044760 ravinder.kaur[.]frost.com
 
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