Railways, defence, aerospace to greatly benefit from Make in India scheme: Baba Kalyani, Bharat Forge

Baba Kalyani: People who have been manufacturing within the country are beginning to focus on opportunities that Make In India is generating, especially in defence, aerospace. The second biggest opportunity is going to be in railways. Modernisation of railways is increasing. Bringing in high speed rail networks is going to take a lot of hardware of a completely different type than what we produce today and that is going to create opportunities.

Baba Kalyani: Corporate India is fairly optimistic. Our growth rates are being sustained above 7% whereas everywhere else in the world, growth rates are falling. If you looked at China’s new numbers that we saw yesterday, they are projecting 6.6% and for the year after that 5. In an environment where we are seeing a lot of volatility globally, economic growth in India is probably the only bright spot. Read More…