Good morning and thanks for the opportunity. A couple of questions from my side. The first one is that recently defense secretary has been on air mentioning that simulators are the way forward for expediting the procurement of defense equipment and part of reforms in DAP. Are we seeing some traction from the government, some feelers? I know these are early days, but still, are there some feelers that in long term, say there would be an enhanced use of simulators in various platforms, including air and navy? That is my first question.
So the second question is on the recent acquisition that we have done for the company in UAVs and loitering munitions. Now while it dovetails nicely or complements our existing offering in ADS, but what is the use case over there? I mean what kind of UAVs, loitering munition market we are trying to enter and how much time it will take us to commercialize that particular product. And if you can highlight some of the products that we are actively looking at in this particular domain. Again, just to go back in a little in time, we looked at the field in 2018. We wanted to get into drones but we saw there were so many players there. And we thought, listen, I think this is a winner's curse. Even if you win, you will never make money in drones. And we moved to anti -drone systems. And there again, nobody was working on that. As we say, sometimes silence is the signal. So we went into that and that paid off well but in terms of drones in 2024, when we looked, government was blacklisting companies for using Chinese parts. And we think, why was R&D not done? Why was this not done? And we consciously took a decision that we have to get into this field. And when we started looking around into the ecosystem, almost everybody said, Ashok these parts are not available, except from a company called Vector Technics who are actually supplying, but their supply is on and off. But in a strange coincidence, a week later Vector approached us for investment and we look ed into them. We saw their capabilities and we said we will go ahead and invest. So our intention was to get into drone system to accelerate the indigenization of complete systems. So now we are firmly into the ecosystem of drones. Now we were looking at what are the other things that the Government of India will need in case of war. So we were looking at loitering munitions and TISA has a proven track record. They have executed order with the DRDO. So they have the technology . They have the product but again, we are doing some very, very high end. Again, as I say, that we do not want to sell to the Indian Government that is just doing well, but we aim to become world global number one in that. So we are investing a lot of money now as we speak. And we expect that in a year and a half, the loitering munitions version should be ready for full fledged demonstration and for competition with other players in the field. And we obviously expect it to do better than others in terms of specs, etc.