MTAR Tech bags Defence Industrial License
MTAR Technologies Ltd receives the Defence Industrial License for production of various mechanical and electronic subsystems in Defence sector. This will facilitate the ease of doing business with foreign MNCs on various defence projects.
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Hyderabad MTAR Technologies Ltd receives the Defence Industrial License for production of various mechanical and electronic subsystems in Defence sector. This will facilitate the ease of doing business with foreign MNCs on various defence projects.
“The license will enable the company to be partner with foreign MNCs and cater to both domestic and export markets by taking up projects under Buy (Indian)’, ‘Buy & Make (Indian)’ & ‘Make’ categories of acquisition, thereby increasing the share of Defence in our revenues,” the company said in a statement.
MTAR has seven strategically based manufacturing units including an export-oriented unit each based in Hyderabad, Telangana. MTAR caters to clean energy – civil nuclear power, fuel cells, hydel & others, space, and defence sectors.
The company has a long-standing relationship of over four decades with leading Indian organisations and global manufacturers.
