Investor Presentaiton
Domestic Defense Market Opportunities
Opportunity
Efforts to Modernize Indian
Defense networks and systems
and provide a boost to local
manufacturers
Improved Market Expansion
Opportunities
■
Growth Driver
The Indian Defense capital expenditure was USD
19.0 Bn in FY 23 and is expected to reach USD 40.2
Bn by FY 30
■ Record 75 per cent of the defence capital
procurement budget has been earmarked for
domestic industry in Financial Year (FY) 2023-24, up
from 68 per cent in 2022-23.
Import reduction from 65% by FY28 to 30% by FY32
on the back of initiatives like Aatmanirbhar Bharat,
Make in India.
■ Government listed a total of 310 items to be
produced indigenously
The Government of India has liberalized FDI
under an automatic route up to 74 per cent and
up to 100 per cent through the Government
route
Cumulative TAM (FY23-30)
-USD 2.8 Bn
Electronic fuses
-USD 30.6 BD
Electro-Optics
Bn
-USD 1.00 Bn
Software defined radio (SDR)
HFCL Limited | Investor Presentation Jan 2024
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