In a chat with ET Now, Baba Kalyani of Bharat Forge shares his views on India's foray into the defence space and how it is being viewed by the world. Excerpts:Yes, that is moving well. We have focused our attention on two or three areas and we continue to do good work there. There are a lot of programmes that are coming up in these areas and I am sure we will participate very actively in these programmes. We are quite optimistic about it.It is a fantastic strategic approach from the government's side. India has the capability to create a fairly extensive defence manufacturing capability in many areas and as a country and as an industry, we have matured in terms of technology and capability to make this happen.So, this push from the government in terms of policy and enabling provisions in the policy is welcome. They will do the rights things to get India into a strong position as a large manufacturer of defence hardware.Almost everybody in the world wants to have some relationship with companies in India in this space. Companies that are engaged in this business outside in the western world understand this far better than anyone. As India creates a manufacturing hub for defence, they want to be a part of this process. Hence, there is tremendous amount of interest there.