L&T and BEML MoU to address indigenisation , exports o f defence products

A press release from L & T stated that BEML Ltd. a Public Sector Undertaking, under Ministry of Defence and Larsen & Toubro (L & T), India’s leading engineering, technology, and construction conglomerate today signed a Memorandum of Understanding (MoU) to jointly capitalise on the emerging opportunities in the domestic and export markets for defence products and systems. The cooperation between the two organisations is aimed to leverage on ‘Make in India’ initiative for increased value addition within the country in development/manufacturing and long-term support for defence and export business in identified areas/projects/programs, thus synergising their combined strengths..............

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