Import curbs on 101 defence items open big avenue for L&T, Bharat Forge

PSUs, such as BEL, are already seeing good order flows

The government’s policy announcement on the defence sector putting curbs on imports, providing clarity on timelines, and strengthening its “Make in India” initiative bode well for all domestic defence sector suppliers. Government-owned defence undertakings, such as Bharat Electronics (BEL), Hindustan Aeronautics (HAL), Bharat Dynamics, and Cochin Shipyards have already been in the spotlight against the India-China stand-off. The defence sector getting priority has boosted order flow prospects.

The latest announcement with a detailed list of 101 types of equipment the import of which will be restricted in a phased manner should not only benefit PSUs, but also private players like