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.
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