BHARAT ELECTRONICS Limited (BEL) aims to generate 25 per cent of its revenue from the non-defence sector with applications in energy storage, smart city platforms and electric vehicle charging stations.
Dinesh Kumar Batra, chairman and managing director (CMD) of the defence PSU in an interaction with the media in Pune on Friday talked about BEL touching the target of $60 million in exports for the financial year 2022-23. Batra, while talking about the decision to spread the company’s decision to venture into the non-defence sector said the decision of the Union government to allow Foreign Direct Investment (FDI) and private players in the defence sector has created competition for PSUs, who otherwise had monopolistic hold in the sector.
