Comments
Telecom solutions provider Himachal Futuristic Communications Ltd is all set to enter defence equipment manufacturing business as part of its ‘Make in India’ initiative.
The Delhi-based company has already obtained industrial licences to manufacture a wide range of products for the defence sector such as electronic fuses, electro optical devices, communication equipment, including the permits to assembling electronic warfare systems, development and manufacturing of aircrafts and helicopters, the company stated in a press release on Monday.
“Our aim of getting into defence manufacturing is to bring in world-class technologies to the country, cut down import on defence products and make available state-of-the-art technologies to our soldier,” said Mahendra Nahat, MD, HFCL.
In talks with global OEMs The company is also in talks with global OEMs for strategic tie-up to produce equipments to make India its global exporting hub for defence manufacturing and engineering.
HFCL won a sub-project to lay optical fibre cable for defence as part of the pan-India project – Network for Spectrum (NFS).
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.