Management's commentary on defence business.
@rohiitian "The Agreement for Transfer of Technology from DRDO was entered in 2019 and as per the agreement , handholding of technology , knowledge transfer , design finalisation and development of prototype of different sizes took more than a year . Then , due to the impact of Covid , there was a delay in development and testing of jackets at terminal ballistic research laboratory. Upon successful testing , licence was issued by GoI in May 2022 for supply to military and paramilitary forces.
Since the capital investment was more , and the majority of machineries / raw materials needs to be imported , we collaborated with leading institutions , organisations and / vendors to substitute with domestic made and machineries were designed indigenously to manufacture in India and also that improves the production .
All these research work significantly reduces the cost of capex and input cost .
Civil foundation work was completed and factory shed work is in progress.
We expect commercial production in next 5-6 months ."