Reliance group is going to invest in defence sector worth 1 Lakh crore annually. Jindal steel will focus on investing in Armour development areas to enhance indian defence capability.
Previously huge amount of import is done from different countries for the defence sector enhancement. But from now on many Indian big firms are coming to support Indian defence sector.
Currently India imports 70% of the defence requirements. There are huge opportunities for the private sectors to invest in the defence business. Increase in participation of private sector to the government sector will not only boost to the private sector but will also a major push in the Make In India Campaign.
List of Indian Companies investing in Defence sector:
- Bharat Forge
- Tata Group
- Larsen & Toubro
- Mahindra Group
- Jindel Steel
- Reliance Group
The major investor is Reliance which will enhance overall defence sector with a huge amount of investment with one lakh crore. Big companies like Bharat Forge, Tata Group, Larsen & Toubro, Godrej, Mahindra Group and Jindel Steel are aggressively bidding more to have in the defence sector.