BEL eyes Rs 20,300 cr turnover in 23-24 with push from indigenous products

State-run Bharat Electronics Limited has set a target of Rs 20,300 crore for financial year 2023-24 as demand for indigenous products is driving growth for the company, its Chairman and Managing Director Bhanu Prakash Srivastava said on Tuesday. In an interview with PTI here, he said the order book of the 'Navratna' PSU under the Ministry of Defence stands at around Rs 64,800 crore as on August 1 this year. The Bengaluru-headquartered company has plans to start marketing offices in Brazil, Armenia and Kazakhstan, Srivastava said. He said export sales target for 2023-24 is USD 90 million. BEL achieved a turnover of about Rs 17,300 crore in the previous financial year, a 15 per cent growth. Srivastava pointed out that defence business in any country is closely linked to government policies that are based on factors like the geopolitical scenario, security threats and economic growth of the nation. The Government of India, he noted, is focussing on self-reliance to encourage domesti

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