The emergence of Tata Aerospace and Defence could change the face of India’s defence industry.
Important changes are underfoot in the Indian defence industry as the private sector shakes off decades of government-imposed shackles in an effort to grow and meet Indian aspirations of a greater in-country defence manufacturing base. Tata Sons, the holding company of Tata Group, is in the process of consolidating the various group businesses across aerospace and defence sectors into a single entity: Tata Aerospace & Defence (Tata A&D). It has reported total revenues in FY2016-17 of ₹1.73 lakh crore across more than 234 subsidiaries and 35 joint ventures.
“The formation of Tata A&D, a single unified entity, will allow us to better target emerging opportunities in aerospace and defence, and engage holistically with customers both in India and globally,” said N Chandrasekaran, Chairman of Tata Sons, at Def-Expo in April. Tata A&D will focus on developing complete land mobility solutions, aerospace, weapon systems, sensors and command, control, communication, computers and intelligence (C4I) systems to meet the requirements of the Indian military, paramilitary and homeland security agencies.
This story is from the August 2018 edition of Geopolitics.
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This story is from the August 2018 edition of Geopolitics.
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