2 PSUs better their ranks among top defence companies

THE government's Make-in-India push in indigenous defence production seems to be bearing the positive results as the two Indian Defence Public Sector Undertakings, Hindustan Aeronautics Limited (HAL) and Bharat Electronics Limited (BEL), have improved upon their previous rankings among the arms-producing companies of the world.

- MAYANK SINGH

The Sweden-based independent international institute Stockholm International Peace Research Institute, dedicated to research into conflict, armaments, arms control and disarmament, in its latest report on the top 100 arms-producing and military services company 2021 has placed the HAL and BEL in the list of top 100 companies worldwide to supply arms, totaling to $5.1 billion in 2021. Aerospace and defence manufacturing Defence Public Sector Undertaking (DPSU) HAL and BEL, also a DPSU, which is an aerospace and defence electronics company are ranked at 42nd and 63rd in the ranking respectively.