L&T, Punj Lloyd plan to tap Rs 2 lakh-cr defence orders

Defence ministry finalised strategic partnership model at a meeting of Defence Acquisition Council

With the government approval for a new strategic partnership policy in the defence sector, domestic manufacturers are hopeful of exploring huge order book opportunities.

“The strategic partnership policy is a big boost for Make in India in the defence sector. It will open up opportunities worth about Rs 2 lakh crore in defence manufacturing over the next 10 years,” said 

J D Patil, senior vice-president and head of defence and aerospace, Larsen & Toubro. 

Others such as Punj Lloyd look to partnerships to cash in on the opportunity. 

Ashok Wadhawan, president, manufacturing, Punj Lloyd, said, “The policy is the right