According to the latest rankings released by a Stockholm-based think tank, Stockholm International Peace Research Institute (SIPRI), four Indian companies, all PSUs, have been featured on the world’s top 100 arms producers in 2017, reports The Economic Times.
The four PSU’s with their corresponding ranks and percentage growth since 2016 are as follows
- Indian Ordnance Factories at 37th position with 8.5 per cent growth
- Hindustan Aeronautics at 38th position with 0.9 per cent decline
- Bharat Electronics at 64th position with 12 per cent growth
- Bharat Dynamics at 94th position with 13 per cent growth
The arms sales of the four state-owned companies in India, totalled $ 7.52 billion in 2017, which is 6.1 per cent higher than the previous year. Read More