BEML joins hands with L&T to cater to In­dian de­fence mar­ket

Governance Now - - FACT SHEET -

De­fence Psu Beml 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.

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