With the government approval for a new strategic partnership policy in the defence sector, domestic manufacturers are hopeful of exploring huge order book opportunities. “The strategic partnership policy is a big boost for Make in India in the defence sector. It will open up opportunities worth about Rs 2 lakh crore in defence manufacturing over the next 10 years,” said J D Patil, senior vice-president and head of defence and aerospace, Larsen & Toubro.

Others such as Punj Lloyd look to partnerships to cash in on the opportunity. Ashok Wadhawan, president, ...