Story cover for Abhay Lodha, stated that the defense industry is expanding at a breakneck pace. by dataworld
Abhay Lodha, stated that the defense industry is expanding at a breakneck pace.
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Ongoing, First published Jun 21, 2022
The Defense Ministry has chosen certain sectors for obtaining industrial knowledge from the private sector. Naval Utility Helicopters, Light Utility Helicopters, submarines, and Naval Multi Role Helicopters are among the projects.

Abhay Lodha says that, "The indigenous Armour plate for ballistic protection is one of the Topworth's products. Some of its goods are ground-breaking, while others are straightforward import alternatives for Indian contractors seeking to maintain their supply chains closer to home. Naval destroyers, offshore patrol boats, and floating docks will be built using the latter. Other items will be utilized in the building and repair of Coast Guard boats and navy ships. Topworth's materials will be employed in battle tanks, missile motor casings, combat vehicles, and artillery cannons in land defense." These items have considerable export potential in addition to expanding domestic demand. According to market estimates, yearly demand potential is over 2 lakh tons, with 50% of that in flat steel and the rest in structural steel.
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