BEML CMD says both organisations can address the needs of the Indian defence market as well as explore export markets
GN Bureau | July 19, 2018
Defence PSU, BEML Ltd and Larsen & Toubro (L&T) have signed an agreement to jointly capitalise on the emerging opportunities in the domestic and export markets for defence products and systems.
The cooperation between the two entities is aimed to leverage on Make in India initiative for increased value addition within the country in manufacturing and long-term support for defence and export business in identified areas, thus synergising their combined strengths.
BEML CMD Deepak Kumar Hota said, “PPP model is the way forward to meet the growing demands of the defence industry. With the vast experience and expertise in the defence sector of BEML and L&T, I am confident that together we can address the needs of the Indian defence market as well as explore export markets of various systems of mutual interest.”
Whole-time director (defence) and member of L&T Board Jayant D Patil said, “This pact paves the way for PPP partnership between the two industry leaders. By synergising capabilities of each other in system design and integration, manufacturing and marketing, the companies look forward to enhancing product range, evolve new products and improve business prospects.”
BEML and L&T have collaborated and partnered on co-development and production of significant sub-systems involving complex technologies and advanced engineering equipment such as Sarvatra bridging systems and various other vehicular platform-based systems.
Air pollution in Delhi has been in headlines, as every year in recent times. Mumbai too has suffered from air pollution, despite being a coastal city. Apart from many other metros such as Bangalore and Kolkata, tier-I and -II cities and rural areas also have high pollution levels. Every year reports and st
The central government will provide free food grains to about 81.35 crore beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for a period of five years with effect from January 1, 2024, the cabinet decided on Wednesday. Terming it as a “historic decision”, a
Survival at Stake: How Our Treatment of Animals Is Key to Human Existence By Poorva Joshipura HarperCollins, 328 pages, Rs 499 With science now recognising animal consciousness, intelligence, emotion, and even morality, there must rise an awareness of
India`s tryst with trade through the Arctic regions, including the Northern Sea Routes (NSR), has become an impact-making endeavor recently. The Arctic of yore is now a pivot – point of geopolitics, of climate change discussions, and for economic opportunities; 40% of oil and gas reserves said to be
Investing Decoded: Simple Path To Building A Portfolio In Millions By Anirudh Rathore Penguin India, 320 pages, Rs 499
Deepfake has emerged as a serious threat to democracy and social institutions across the world. Propagation of deepfake content via social media platforms has aggravated this challenge. Ministry of Electronics and Information Technology (MeitY) has, from time to time, advised social media in