The recently released rankings by Stockholm International Peace Research Institute (SIPRI) have placed 4 Indian PSU’s among world’s top 100 arms producers.
Those 4 Indian Public Sector Undertakings are,
Indian Ordnance Factories (37th Rank)
Hindustan Aeronautics (38th Rank)
Bharat Electronics (64th Rank)
Bharat Dynamics (94th rank)
This was for the first time that four Indian companies have ranked in top 100 arms producers’ companies of world.
India’s current share in total global arms sales stands at less than 2%.