Dipan Mehta, Member of BSE & NSE told CNBC-TV18, "A very strong message coming from the government that they want to indigenous defence production. However, my sense to play this particular theme would be to go PSU. Bharat Electronics (BEL), Bharat Earth Movers (BEML) clearly get the preference when it comes to price, when it comes to getting the orders and to an extent company like BEL has delivered in terms of past track record, asset light business model, preferences for several government contracts, different assets in terms of technology and patents and connections as well as partnerships.""The entire defence indigenisation or Make in India as far defence is concerned may play out better as far as the PSU are concerned than the private sector players are concerned. There are lot of issues and challenges over there. I would think that both BEL as first choice and BEML as second choice could turn to be good investments for investors. Having said that BEL is a company in which we have invested as measure of disclosure," he added.
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