Current Affairs - Defence - Discussion

In line with the efforts to indigenize the defense sector under the 'Make in India' initiative, Larsen & Toubro (L&T) and Bharat Electronics Limited (BEL) signed a MoU to cater to the needs of evolving domestic and export markets for defense products and systems. The MoU seeks to leverage the capabilities of both the firms for meeting the growing requirements of the Indian Armed Forces. The MoU also intends to leverage the well-developed supply chain, vast experience and expertise of BEL and L&T to synergize and enhance exports in the defense sector.