Mumbai, April 13 -- The Nuvama Group's private equity arm has invested Rs.200 crore for a minority stake in Val-Met Engineering, betting on a specialized supplier of aerospace and defence materials as global manufacturers move more of their high-end production to India.

"Over the last couple of years, there has been a rising focus in India and globally to become more self-reliant. Sensitive sectors like aerospace, defence, industrial and advanced/value added manufacturing have been the biggest beneficiaries of this shift in mindset," Pranav Parikh, managing partner and head of private equity at Nuvama Asset Management, told Mint in an interview.

According to Parikh, global conflicts and geopolitical uncertainties have made domestic self...