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Who are the beneficiaries of ‘vocal for local’ in the defence sector?

May 18, 2020 / 06:00 PM IST
Who are the beneficiaries of ‘vocal for local’ in the defence sector?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights - Defence remains a big focus area because of its excessive reliance on imports - Indigenisation to increase share of domestic companies in the defence procurement pie - Reforms to help in availability of capital and speedy procurement After 'Make in India', new slogans such as self-reliance and ‘vocal for local’ are now gaining prominence. As part of the Rs 20 trillion economic package, the Finance Minister in her address on Saturday stressed on reforming the defence sector particularly in the areas of funding,...

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