Telecom solutions provider Himachal Futuristic Communications Ltd is all set to enter defence equipment manufacturing business as part of its ‘Make in India’ initiative.
The Delhi-based company has already obtained industrial licences to manufacture a wide range of products for the defence sector such as electronic fuses, electro optical devices, communication equipment, including the permits to assembling electronic warfare systems, development and manufacturing of aircrafts and helicopters, the company stated in a press release on Monday.
“Our aim of getting into defence manufacturing is to bring in world-class technologies to the country, cut down import on defence products and make available state-of-the-art technologies to our soldier,” said Mahendra Nahat, MD, HFCL.
The company is also in talks with global OEMs for strategic tie-up to produce equipments to make India its global exporting hub for defence manufacturing and engineering.
HFCL won a sub-project to lay optical fibre cable for defence as part of the pan-India project – Network for Spectrum (NFS).