Defense Business and Industry

Bharat Electronics aims for global growth amid rising defense demand.

Bharat Electronics Limited (BEL) is strategically positioned to capitalize on India’s evolving defense landscape, marked by the recent approval of Rs 79,000 crore in procurements by the Defence Acquisition Council. With over 400 players in the private sector, BEL reported a significant revenue increase of nearly 26% year-on-year, reflecting robust demand across all three armed forces. The company aims to enhance its global footprint, targeting defense exports to soar from $2.8 billion in FY25 to $5.8 billion by FY29, thus reducing dependency on the domestic market. This shift aligns with India’s broader defense modernization efforts, highlighting BEL’s potential as a key player in the global defense industry amid increasing international acceptance of Indian defense products.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *