HAL, BEL, Indian Ordnance Factories among top 100 global arms manufacturers in 2020

Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL) and Indian Ordnance Factories were among the top 100 global arms-producing and military services companies in 2020, Stockholm International Peace Research Institute (SIPRI) said on Monday. Their aggregated arms sales of USD 6.5 billion were 1.7 per cent higher in 2020 than in 2019 and accounted for 1.2 per cent of the top 100 total, it mentioned in a statement.

The arms sales of HAL, ranked 42nd, and BEL, ranked 66th, increased by 1.5 per cent and 4.0 per cent, respectively, the SIPRI statement said.

According to it, “Indian Ordnance Factories’ (ranked 60th) arms sales rose marginally (by 0.2 per cent).”