Topworth Group
Forays into Indian
Defense
Manufacturing
S T E E L B AR O N AB H AY L O D H A
Under the supervision and leadership of Abhay
Lodha, Topworth Group is now venturing to foray
into
the
Indian
defense
manufacturing.
Topworth Group of companies developed from a
modest Steel Trading enterprise in 1999 to a
powerful integrated firm with commercial interests
in Steel, Power, Trading, and Infrastructure.
Topworth Company's chairman and founder Abhay
Lodha has outlined a strategy for developing steel
grades for land and naval defense. He says, “We will
work to introduce world-class technology to India
and develop skill sets in the nation in order to
provide top-of-the-line platforms for our Armed
Forces, reduce defense product imports, and create
high-skill employment.”
According to the IBEF (India Brand
Equity Foundation) - the Indian
aerospace & defense (A&D) market is
projected to reach ~US $70 billion by
2030, driven by the burgeoning demand
for advanced infrastructure and
government
thrust.
The Defense Ministry has chosen certain
sectors
for
obtaining
industrial
knowledge from the private sector.
Naval Utility Helicopters, Light Utility
Helicopters, submarines, and Naval
Multi-Role Helicopters are among the
projects.
Abhay Lodha says that, “The indigenous
Armour plate for ballistic protection is one
of the Topworth's products. Some of its
goods are ground-breaking, while others
are straightforward import alternatives for
Indian contractors seeking to maintain their
supply chains closer to home. Naval
destroyers, offshore patrol boats, and
floating docks will be built using the latter.
Other items will be utilized in the building
and repair of Coast Guard boats and navy
ships. Topworth's materials will be
employed in battle tanks, missile motor
casings, combat vehicles, and artillery
cannons in land defense.” These items have
considerable export potential in addition to
expanding domestic demand. According to
market estimates, yearly demand potential
is over 2 lakh tons, with 50% of that in flat
steel and the rest in structural steel.
The founder and Chairman of Topworth Group,
Abhay Lodha, stated that the defense industry is
expanding at a breakneck pace. Topworth wants to
be a part of this booming market so that they may
use their capabilities, which include cutting-edge
production and product development. We've built a
solid reputation by successfully delivering steel to a
variety of defense applications. This has given us
the confidence and incentive to broaden our
product
offerings
in
this
market.
To meet the expanding demands of clients in the
aerospace and defense industries, they will explore
technical alliances with Indian and global OEMs. In
future years, they will continue to make significant
investments in engineering and production
capabilities says Abhay Lodha the chairman of
Topworth.