Punj Lloyd is getting ready for the war zone. Punj Lloyd is talking to global defence majors to kickstart its defence business in India. The company already has licences to manufacture guns, rockets and missiles and is all ready to setup a greenfield unit once the contracts are awarded. After all the defence market in India is being estimated at a whopping $15 billion over the next 10 years and with the government making manufacturing more mandatory than ever the global players need to source more components from India. A strategic tie up that Punj Lloyd has been eyeing will allow the Indian infrastructure major to expand its footprint in the defence space and source technical expertise while the global partner will have access to this low cost manufacturing hub.
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