The Tata group Tuesday said it is expecting over Rs 2,500 crore revenue from defence and aerospace sectors in the current financial year. "Defence and Aerospace is a focus area of the Tata group.
Their expected revenue from the sector for FY'15 is over Rs 2,500 crore (over USD 400 million)," Tata group said in a press release.
The combined order book of Tata companies operating in the two areas is over Rs 10,000 crore (over USD 1.6 billion) and in 2013-14 alone, these companies have invested over Rs 320 crore (over USD 50 million) in their businesses.
The group will display its design-to-manufacturing capabilities at the Aero India 2015, the 10th international show on Aerospace, Defence, Civil Aviation and Airport Infrastructure beginning tomorrow in Bengaluru.
It will include a range of solutions in the Defence and Aerospace sectors in areas such as design, engineering, programme management, manufacturing and product lifecycle management.
"Aero India 2015 is an international platform to demonstrate India's expertise in the Defence and Aerospace sector, and the Tata group is very pleased to showcase its capabilities and offerings here," said Mukund Rajan, Member Group Executive Council and Brand Custodian, Tata Sons.
"Tatas have had a long association with the Indian Defence and Aerospace sector, and Tata companies have progressively built a substantial presence by addressing the country's needs and becoming suppliers to global partners," he said.
This year, nine Tata companies - Tata Advanced Systems, Tata Power Strategic Engineering Division (Tata Power SED), Tata Motors, Tata Advanced Materials, Tata Steel (Specialty Steel business in Europe), Tata Technologies, TAL Manufacturing Solutions, Titan Company (Precision Engineering Division) and Tata Consultancy Services - are exhibiting their expertise and offerings at the Asia's premier Air Show.
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