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BEL to produce thermal imagers, ATM Radars etc.,

Bharat Electronics Ltd, is planning to invest Rs.10000 to Rs.15000 million to produce critical technology products like thermal imagers, ATM Radars, guidance systems, air-borne defence systems with joint ventures. BEL is in talks with Elbit El-Op and Photonis for night vision products for electro optic systems mounted on defence vehicles. Last year it has commissioned KPMG to conduct a study for future growth area. It may be noted, the company gets 80% of its revenue from futuristic products for armed forces. It is has considered some buy-outs of technical companies but decided against it. Currently, it is scouting for technology tie-ups with Boeing, Europe’s Selex Galileo and Thales and the Hyderabad-based Astra Microwave.

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