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L&T signs MoU with BEL for defence products and systems

Press Trust of India  |  Mumbai 

Engineering (L&T) today signed a memorandum of understanding (MoU) with state-run (BEL) to cater to the needs of domestic and export markets for and systems.

The MoU seeks to leverage the capabilities of both the firms for meeting the growing requirements of the Indian armed forces, the company said in a statement issued here.

Through this agreement, both the companies intend to leverage their well-developed supply chain, vast experience and expertise to synergise and enhance exports in the defence sector, it added.

"This MoU offers an opportunity for public-private sector partnership between two industry leaders in defence equipment and systems to synergise their strengths to deliver to the and to the export market contemporary products with high indigenous content," said Jayant Patil, (defence) and member of board,

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 the (MoD) orders.

has been delivering a range of launcher systems, and for various indigenous weapon programmes as development partners and production agency to the and Development Organization (DRDO) and defence public sector undertakings.

"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," said Patil.

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

First Published: Wed, April 11 2018. 19:30 IST