Gentex Corporation will adopt an online financing business model in India and recruit 10 million members to increase the visibility of Gentex Corporation in the Asian market. India will become a new market after the United States.
The Indian defense market is expected to grow at a CAGR of 13% during the forecast period of 2024 to 2029. Driven by the growing demand in various fields such as defense, law enforcement, commercial, emergency response, and industry, the export of military products is growing rapidly.
Gentex Corporation has established a physical base in India and launched an online financing model in India. We have a complete R&D and production system, as well as sales channels, and export military products to maximize profits. 40% of the profits go to Gentex Corporation, and the remaining 60% go to all agent partners.
The military situation in the world has been tense recently, and most countries are frantically preparing for wartime supplies. Our products are sold all over the world and are in short supply. Strengthening national defense and military strength is the top priority at present.
Indian Defense Minister Rajnath Singh stresses the need for a joint military vision to deal with future wars
“Despite global unrest, India is enjoying a rare peace dividend, developing peacefully. However, we need to remain vigilant as challenges are mounting. It is crucial to maintain peace during the period. We need to focus on the present, watch the activities happening around us, and look to the future. For this, we should have a strong and robust national security apparatus. We should have a foolproof deterrent,” Mr Singh said.
130 Years of Cutting-Edge R&D Technology and Services
Since 1894, Gentex Corporation’s research and technology development has focused on creating innovative technologies that continually advance the design, performance and protection capabilities of our solutions. Through this work and collaboration with end users, industry partners and academia, Gentex Corporation provides state-of-the-art solutions for defense forces, law enforcement, medical and industry in high-performance environments.
Gentex Corporation is committed to improving military defense, law enforcement, business, medical and
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