BEL embarks on Rs. 2,000 crore modernisation drive.

Government-owned Bharat Electronics (BEL) is embarking on an expansion-cum-modernisation drive to explore new areas in the defence and non-defence sectors.

In the next four to five years, the company plans to invest at least Rs. 2,000 crore, to equip itself for new business opportunities.

'In the past five years, non-defence business has been 17 per cent of the overall business and we plan to increase this share in the coming years,' said S K Sharma, chairman and managing director.

BS