Bengaluru, February 5
The defence equipment making industry in India is eyeing a possible Rs 6,00,000 crore (approx $80 billion) of orders from the Ministry of Defence over the next seven-eight years, says Jayant D Patil, who heads the Society of Indian Defence Manufacturers, the apex industry body of the sector. The body has some 400 members of the manufacturing industry across the country.
Patil, in an interview to The Tribune at the Aero India, gave an industry perspective to the announcement made by Defence Minister Rajnath Singh of spending some $130 billion over seven-eight years. Patil said he expected some $80 billion worth of this work to be done by Indian Industry.