In an interview with Defenseworld.net, Leck Chet Lam, Managing Director of Experia Events talks about the upcoming IMDEX 2015 and the return of two strategic conferences – the International Maritime Security Conference (IMSC) and the Asian edition of the prestigious International Naval Engineering Conference (INEC@IMDEX Asia).
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According to market analyst firm AMI International, the Asia Pacific region is expected to spend around US$200 billion on new ships and submarines by 2032, making up roughly 25 percent of the global projected new ship market. Global security solutions firm The Stimson Centre further suggests that most of the increase in Asian naval capability will be in sophisticated capabilities such as anti-submarine, anti-air, ballistic missile defence and naval strategic defence forces.
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