Larsen & Toubro (L&T) and BEML Limited have signed an MoU to jointly capitalise on emerging opportunities in the domestic and overseas markets for defence products and systems. The MoU aims at leveraging the Make in India initiative for increasing value addition within the country in terms of developing and manufacturing defence systems. It paves the way for a public-private partnership between the two companies, enabling them to enhance their product range, evolve new products and improve business prospects in the Indian defence market.
BEML and L&T have also collaborated and partnered on the co-development and production of significant subsystems involving complex technologies and advanced engineering equipment such as the Sarvatra Bridging System and various other vehicular platform-based systems for the Ministry of Defence.
BEML Limited is a public sector undertaking under the Ministry of Defence and operates across three verticals, namely, defence and aerospace, mining and construction, and rail and metro rail. L&T is one of India’s leading multinational companies engaged in technology, engineering, construction, manufacturing and financial services.