The Society of Indian Defence Manufacturers (SIDM) and the Confederation of Indian Industry (CII), in collaboration with the Department of Defence Production, Ministry of Defence, are gearing up to host the 'Visakhapatnam Regional MSME Conclave' at a local hotel on February 6.

The strategic significance of Andhra Pradesh's location plays a crucial role in the maritime security of the nation.

With the presence of the Eastern Naval Command, Naval Science & Technology Laboratory, and DRDO, Visakhapatnam's Regional MSMEs have unique opportunities in the defense production sector, including prospects in shipbuilding.

The upcoming conclave aims to explore and discuss these aspects, as stated in a release on Monday.

The event is expected to draw the participation of officials from the Ministry of Defence, the A.P.

State government, DPSUs, DRDO, as well as representatives from private industries, including large enterprises, MSMEs, financial institutions, and startups, the release added.