Bharat Electronics scouting for jt ventures

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New Fighters

In the last one year, BEL upgraded its Bangalore and Panchkula facilities at Rs 50 crore; the aim was to capture 20-30 per cent of the $10-billion offsets from defence deals with global majors and contract manufacturing in professional areas such as defence and medical electronics.

"The defence offsets will also be our main driver for exports," to Europe and the US. Mr Sastry said, "We would like to take our exports to 10 per cent of our turnover in three years." For now, BEL, like many Indian companies, is watching out for the Government's decisions on acquiring new fighters for the IAF, the helicopter modernisation and tankers.

National Footprint

According to Mr Sastry, "The navaratna status has come at a time when there is lot of challenges: the defence sector is opening up to private and international players. We are expanding and looking at areas outside defence and the traditional ones. Just as a navaratna ring is worn to ward off problems, this status will prepare us to face future challenges. BEL has made national footprint in electronics and we'd like to bring the same into the global arena."

BEL, HAL aim at space

BEL and fellow defence enterprise Hindustan Aeronautics Ltd will jointly pitch for satellite-related projects that the national space agency ISRO may offer.

The two have also bid for the DRDO's proposal to develop UAVs (unmanned aerial vehicles) that are used for military reconnaissance.

Taken from Business Line

thehindubusinessline.in