Bengaluru April 11 (IANS) Larsen & Toubro (L&T) on Wednesday announced it would manufacture defence products and systems for domestic and export markets in partnership with the state-run Bharat Electronics Ltd (BEL).
"In line with the government s efforts to indigenise the defence sector under the Make In India initiative we have signed an agreement with BEL to make defence products and systems for the domestic and export markets " said the Mumbai-based L&T 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 well-developed supply chain and experience of Bengaluru-based BEL and L&T to enhance exports in the defence sector.
"The agreement gives an opportunity for public-private partnership in defence equipment and systems and thereby export market products 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 sub-systems of the weapon systems like Akash Missile launchers among others.
--IANS
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