MTAR Technologies Receives the Defence Industrial License for Production of Various Mechancial and Electronic Subsystems

Biznextindia : MTAR Technologies Limited Receives the Defence Industrial License for Production of Various Mechancial and Electronic Subsystems Hyderabad, Aug 30, 2023: MTAR Technologies Limited receives the Defence Industrial License (DIL: 14(2023)) 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 & 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.
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 OEMs.