Bharat Electronics to invest Rs 25 billion over the next three years

The increase in investment is coming on the backdrop of company's plans to increase its revenue from domestic and export markets

Public sector defence and aerospace major Bharat Electronics Ltd (BEL) is planning to invest around Rs 25 billion over the next three years. Besides the company also said that it is planning to set up new marketing offices outside India to boost exports.

Speaking to Business Standard at Defexpo18, M V Gowtama, chairman and managing director, BEL said that the company is setting up two plants, for which lands are acquired, at Anantapur and Machilipatnam in Andhra Pradesh.

Anantapur plant will make electronic radio frequency seekers and Machilipatnam for electro-optic. Both the plants are expected to be ready in the