HFCL playing active role in Govt's 'Make in India' initiative
12 April 2018 6:04 PM GMT
Chennai: Himachal Futuristic Communications Ltd (HFCL), a leading Integrated Telecom Solutions Provider, announced its entry into defence manufacturing in 2016, to participate in the Government's "Make in India" initiative. Since then, the Company has obtained several Industrial Licences for manufacturing defence products such as Electronic Fuses, Electro Optical Devices, UAVs, Radars, Electronic Warfare and Communication equipment. The Company is collaborating with leading global Original Equipment Manufacturers (OEMs) to indigenously manufacture the above mentioned equipment.
On occasion of DEFEXPO 2018, Mahendra Nahata, Managing Director states, "India is the largest importer of defence equipment in the world. The imports account for nearly 65% of the country's military requirement. The Government has set a goal to reverse this trend and reduce the import percentage to under 30% in next couple of years. The domestic private industry is accordingly being encouraged to participate in defence manufacturing to enhance the defence manufacturing base and make available state-of-the-art technologies indigenously. HFCL is committed to wholeheartedly support this initiative and contribute its bit to equip the Indian Armed and Security Forces with contemporary global equipment. The privatization effort shall also reduce the procurement cycle of critical equipment and achieve cost reduction. We look forward to DEFEXPO 2018, to interact with global players and enter into suitable sustainable collaborations, to bring world-class technology to the country."
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