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Tata group eyes $500M from Defense sector by 2008
By agencies
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Tuesday, 31 January 2006, 20:30 IST
NEW DELHI: The Tata Group is targeting revenues of over $500 million from Defense sector by 2008. The group, which offers turnkey Defense solutions in areas ranging from basic transportation to artificial intelligence solutions, is also in the race for upgradation of the Russian 130mm guns to 155mm calibre, a senior company executive said.
We would like to be part of global request for proposals when they are floated for the project, said M N Bhagwat, Chairman (Strategic Council), Tata Power Strategic Electronics Division. The proposal is expected to be made on behalf of Tata Power and will be submitted to the Ordnance Factory Board, he added.
The Group is a key player in the indigenous production of Pinaka 122 mm MRBL system. Bhagwat said that with the Government opening up the Defense sector, every major company within the Tata Group is looking to increase its product offering from special application trucks to meeting the need for network-enabled warfare.
Tata Motors, Tata Power Strategic Electronics Division, Nelco, TCS, Tata BP Solar, CMC, Tata Infotech, Tata Advanced Materials, and VSNL are among the group companies that are contributing to its efforts to maintain its leadership position among private players in the country's Defense sector, he said.
The group is expects to clock revenues of around $250 million from the Defense sector in 2006, is working in the areas of interfacing and integrating weapon systems, coupled with leveraging its capabilities in the areas of IT, communications, information security, logistics support, and mobility solutions, Bhagwat added.