Lokesh Machines forays into Défense sector commits 100cr towards setting up of greenfield manufacturing unit
Hyderabad, 10th March 2023: Lokesh Machines Limited, India’s leading CNC Machines and Auto Component manufacturer has setup a new division for the manufacture of Defense and Aerospace components in response to the Government of India’s clarion call for an Aatmanirbhar Bharat.
Speaking on the occasion, Dr. Satheesh Reddy lauded the company’s achievements and exhorted that the focus should be on exports and establishing a global footprint for development of small arms.
Dr. G. Satheesh Reddy, Scientific Adviser to Raksha Mantri and Former Chairman DRDO has graciously taken time off his busy schedule to inaugurate the new Division at our Medchal location.
The company has successfully developed small arms with the support of M/s ARDE (A division of DRDO) and the Indian Army. These weapons have been extensively tested by the MHA and various Forces. The trails have been successful and they have been recommended for further purchase and exploitation.
The Director Mr M. Srinivas mentioned that in these ever changing geopolitical alignments, with issues at the borders and every nation becoming self-indulgent in times of crisis and holding back critical technologies and supplies during very crucial times, it is essential that a progressive country like India be self-sufficient to face all internal and external threats.
It is precisely for this reason, that the Defense and Aerospace division has been setup to explore contributions in the security of this Nation.
The company is investing over Rs. 100 crores in the first phase to create a greenfield facility at Hyderabad for manufacturing the weapons and its accessories. This investment would be further scaled up as and when exports commence in the future.
The company is also creating a vendor park around it, thereby developing an ecosystem of vendors and would handhold them for developing precision parts for the small arms. Commercial production is expected to commence shortly.
Photo Caption: Dr. Satheesh Reddy inaugurating the new division flanked by Mr. M, Lokeswara Rao- Managing Director to the Right, Mr. M, Srinivas and Mr. B, Kishore Babu- Directors to the Left.