Sunday, June 23, 2024

Lockheed Martin strengthens supply chain Ecosystem in India

by Staff Correspondent

IADB — Lockheed Martin (NYSE: LMT) recently announced that it will host the 8th edition of its annual India Suppliers Conference on Nov. 10–11, 2021. Themed “Partnership for Aatmanirbhar Bharat and Make for the World ”, the two-day conference will be inaugurated by Murugesh R Nirani, Hon’ble Minister for Large & Medium Scale Industries, Government of Karnataka. The hybrid event to commence in Bengaluru in association with the Society of Indian Defence Manufacturers and Confederation of Indian Industry.

The event will take place in a hybrid format with an on-ground event in Bengaluru as well as an option for virtual attendance via Society of Indian Defence Manufacturers’ CII Hive platform. Key representatives from the Indian Ministry of Defence, the U.S. government, Indian and global industry leaders will attend the event.

The Suppliers Conference serves as a platform for Lockheed Martin to explore business opportunities with its existing suppliers and create avenues for new partnerships. The discussions at the event help drive the ‘Atmanirbhar Bharat’ initiative of the Indian government and expand India-U.S. defence industrial strategic links.

Commenting on the conference, William L. Blair, vice president and chief executive, Lockheed Martin India said, “To advance India’s strategic security and industrial capabilities, Lockheed Martin continues to support the growth of an indigenous defence manufacturing ecosystem. Our joint ventures in India with Tata have been a key demonstration of the Indian government’s vision of ‘Make in India, Make for the World’ which has been a catalyst for India’s aerospace and defence ecosystem with hundreds of suppliers feeding into Lockheed Martin’s global supply chain.”

“Hosting the annual India Suppliers Conference complements our vision of building and nurturing partnerships with the Indian industry,” Blair said. “The event now in its eighth year aims to reduce complexity and increase flexibility in supply chain operations to strengthen India’s resilience to future supply chain impacts and align to the Indian government’s vision to promote exports.”

The conference will provide the Indian industry an opportunity to understand and interact with all of Lockheed Martin’s business areas, as well as Tier 1 suppliers wishing to source from India. The 7th edition of the event was attended by more than 400 delegates and saw participation from over 200 companies of all sizes — large, MSMEs and start-ups. Furthermore, 62 companies participated in the conference as exhibitors, showcasing their products and capabilities in the virtual exhibition area.

Lockheed Martin continues to build upon more than three decades of partnership with India by nurturing and expanding collaborations with local industry to support the evolution of indigenous defence manufacturing ecosystems, and further advance India’s strategic security and industrial capabilities.


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