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L&T and BEL sign MoU for defence products

Press Trust of India  |  New Delhi 

Infrastructure and state-owned Bharat Electronic (BEL) today entered into a pact to develop and manufacture and systems for domestic and export markets.

The MoU seeks to leverage the capabilities of both the firms for meeting the growing requirements of the Indian Armed Forces, (L&T) said in a statement.

"L&T, India's multinational engineering conglomerate, and (BEL), a leading public sector enterprise in and tactical systems, have signed a Memorandum of Understanding (MoU) to cater to the needs of evolving domestic and export markets for and systems," the statement said.

The MoU also intends to leverage the well developed supply chain, vast experience and expertise of BEL and to synergise and enhance exports in the defence sector.

Jayant Patil, (Defence) and Member of Board, said: "The MoU offers an opportunity for public-private sector partnership between two industry leaders in and systems to synergise their strengths to deliver to the Indian Armed Forces and to the with high indigenous content".

The decision to formalise the partnership through this MoU was made after extensive evaluation and identifying the core competencies and strong synergies between the two of them, said.

The engineering firm and BEL have collaborated and partnered on co-development and production of involving complex technologies and sophisticated such as launchers and other radar platforms for Indian MoD orders, it said.

L&T has been delivering a range of launcher systems, and for various indigenous weapon programmes as development partners and production agency to DRDO and DPSUs, the company said.

By synergising L&T's manufacturing, system design and integration capabilities and extensive global footprint with BEL's core competencies in and systems, the companies look forward to enhancing their product range, jointly evolve new products and enhance business prospects, it added.

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

First Published: Wed, April 11 2018. 19:40 IST