BHARAT ELECTRONICS LIMITED

---

RAJYA SABHA

Bharat Electronics Ltd. has worked out an internal "Vision Plan" to become a Rs. 5,000 crore company by the year 2007. BEL meets a variety of requirements of the Defence Services in the areas of Radars, Sonars, Communication Equipment and Systems, SATCOM, Tank Electronics, Electronic Warfare Equipment etc., meeting stringent Defence specifications with the assurance of lifetime product support. The turnover of the Company during the year 2002-2003 was Rs. 2527 crores. The Company expects to achieve a growth target of 20% during the year 2003-2004 and a minimum of 15% growth every year thereafter. It is expected to playa significant role in development of future electronic warfare equipment.

The exports achieved during the' year 2002-2003 were of the order of Rs. 48 crore while the target under the Memorandum of Understanding entered into with the Government of India (Ministry of Defence) for the year 2003-2004, is Rs. 48.40 Crore.

This information was given by the Defence Minister Shri George Fernandes in a written reply to Ms Mabel Rebello in Rajya Sabha today.