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L&T to make defence products with BEL

IANS  |  Bengaluru 

(L&T) on Wednesday announced it would manufacture products and systems for domestic and export markets in partnership with the state-run (BEL).

"In line with the government's efforts to indigenise the sector under the 'Make In India' initiative, we have signed an agreement with BEL to make products and systems for the domestic and export markets," said the Mumbai-based in a statement here.

Through the tie-up, the companies seek to leverage their capabilities to meet the growing requirements of Indian armed forces, it added.

The partnership aims to tap the and experience of Bengaluru-based BEL and to enhance exports in the sector.

"The agreement gives an opportunity for public-private partnership in equipment and systems and thereby with higher indigenous content," said L&T's Director, Defence, Jayant Patil in the statement.A

The two firms have earlier partnered for the production of of the like Missile launchers, among others.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 11 2018. 20:46 IST
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