The defence equipment industry is expected to experience a positive shift in the coming years due to government initiatives such as Atmanirbhar Bharat and increasing geopolitical tensions. Can you provide an overview of the defence sector's outlook for the next 5-10 years?
Indian Defence Sector which was so far contributing as the strategic sector is gradually developing as an economic sector which is capable to contribute to the economic growth of the country. Under the Atmanirbhar Bharat initiative, the Government is facilitating the development of the Indian industry to reduce the defence import as well as dependence on the foreign OEMs. With the increased thrust on the indigenization and indigenous procurement of defence equipment over the next 5 -10 years such reforms will equally help Defence PSUs and private industry to put a firm step towards achieving a self-sustaining Defence industry in the country.
The company has witnessed robust order inflows over the last few quarters. Can you share your outlook on the overall order book and execution?
Yes, it is encouraging that the order flow is robust during the last few quarters. Recently, we have signed contracts for the supply of 70 HTT-40 and 6 DO-228 contracts valuing ₹6425 crore.
This story is from the March 27, 2023 edition of Dalal Street Investment Journal.
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This story is from the March 27, 2023 edition of Dalal Street Investment Journal.
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