Page 33 - Defence Sector
Huge opportunity in aerospace and defence electronics
The global electronic industry market is $1.8 trillion, of which India consumes $125 billion
 "Huge opportunity in aerospace and defence electronics")
Heavy Vehicles Factory has orders to produce battle tanks till 2035: official
Chennai-based Heavy Vehicles Factory (HVF), which manufactures battle tanks under the Indian Ordnance Factories, is expecting a 60 per cent growth in turnover during this year and has visibility to orders till 2035, said a senior official.The HVF, which is struggling with availability of quality vendors for their supplies, is working with Lucas TVS to develop it as a second vendor to manufacture one of the components in its battle tank, said Hari Mohan, senior general manager, HVF-Avadi, Ministry of Defence.Delivering special address in a Conference on Defence Manufacturing Technologies with theme Defence Indegenisation - Windo of Opportunities, organised by the Tamil Nadu Technology Development & Promotion Center of CII, he said, "Last year our turnover was to the tune of Rs 1,500 crore, this year, we are targeting a turnover of around Rs 2,400 crore and next year it is going to be Rs 3,000 crore. Whatever projections by the Army, we are almost booked up to 2035, beyond that
 "Heavy Vehicles Factory has orders to produce battle tanks till 2035: official")
Premvir Das: In need of disproportionately more attention
The total fund allocation for the defence sector in annual Budgets is unlikely to change much in the future. But modernisation of hardware deserves a much bigger share of this fund than manpower, keeping in mind the emerging security situation
