Maharashtra: Defense Sector India • The GoI has already increased the FDI limit for military production from 26 to 49 percent • India’s annual military expenditure has g rown by over231 percent overdecade • India is expected to spend US$100 billion over the next decade on a defense upgrade program. • India will be fourth biggest defense spender by 2020 Maharashtra • Maharashtra occupies a significant share of 30.49 percent of the industrial output of India’s Machinery and Equipment manufacturing sector in 2012-13 • Maharashtra's share is among the highest with industrial output of 16.36 percent of Basic Metal and Fabricated Metal product in 2012-13 Share in Global Arms Imports from 2009 to Defense Market Opportunity in India 2013 ( 2013-20 , in US$ bn) 70 64 14% 60 5% 50 40 5% 40 58% 4% 30 18 4% 20 11 10 India China Pakistan Saudi Arabia USA Other 0 2002 2007 2013 *2020 * Estimated market opportunity of Defense Sector in India Maharashtra: Defense Ecosystem Major Defense Hubs Defense Hubs in Maharashtra • Arms and Component Manufacturing : Pune has numerous defense institute such as DRDO Research Labs , Ordinance factories and industries like Mahindra , Tata motors , Bharat Forge amongst others. • Naval Defense : Being closer to ports , Mumbai and Pune have established ship building manufacturers such as Mazgaon dock Ltd., L&T , NorthStar Shipbuilding amongst others Nagpur Nashik • Aerospace : Nashik is home to public sector company like HAL which manufactures Russian Combat Aircrafts .Nagpur and Amravati region is also emerging as Aurangabad Aerospace and Defense regions with industries such as Boeing MRO , TAL , Bharat Dynamics and BrahMos aerospace Mumbai Dedicated Institutes Pune • DRDO’s Research & Development Lab in Pune has provided indigenous development of Combat Engineering Equipment • Defense Institute of Advanced Technology (DIAT) Pune is a reputed defense institute with centre of excellence for education , training and research in contemporary and futuristic technology Key Players in the Defense Sector .