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India is the second biggest defence procurer in the world after the U.S.

The U.S. is looking to India as more then just a marketplace for our defense products, but as a technology, aerospace and strategic partner for our future endeavors.

India is the most competitive manufacturing destination on this planet. If we are able to take advantage of that competitiveness for our domestic markets, this country would be humming with activity; industrial production will grow at 10-11% per year.

India has long been an exporter of talent to tech companies... But it is India that's now undergoing its own revolution.

It's a mistake to believe technology rests outside India. We compete very successfully.

Indians have very good engineering capabilities, and that is why, if an industry focuses on innovation, you will have a far greater chance of success, rather than the model which is based on just being a production machine.

As a traditionally risk-averse nation, India has rarely been at the forefront of innovation. Indian companies have mostly imitated others and became very good at it.

We know that defence work results in more than great defence hardware - it can drive innovation and advances in all areas of our life.

India is a very, very old country with a history, culture and tradition like Italy. And we can use the English language to be in touch. Then India's industrial situation is similar to us. Both have big companies but are dominated by small and medium-sized companies. It is extremely important for both to do joint ventures.

My view is make Indian manufacturing competitive, and if it is competitive, it can serve customers or consumers anywhere.