L&T joint venture to export missiles to Europe from Coimbatore SEZ

L&T MBDA Missile Systems Ltd is waiting for an industrial licence to export fully assembled missile systems to Europe from a Coimbatore special economic zone in Tamil Nadu.

The company is a joint venture between Larsen & Toubro and French company MBDA. According to a BusinessLine report, the Union Commerce Ministry will take up L&T MBDA’s application for licence at the Board of Approvals meeting on November 5.

Soon after receiving the licence, L&T MBDA will start making missiles from a leased plant in Coimbatore’s Aspen SEZ, owned by the family of Suzlon group founder Tulsi Tanti.

According to Jayant Patil, Wholetime Director and Senior Executive Vice-President (Defence Business) at L&T, producing the missiles from an SEZ will help save on customs duties.

Image credit : defenceaviationpost.com

Research Desk

Next Post

DoubleTree by Hilton opens in Panaji, Goa

Wed Oct 31 , 2018
Hilton has launched DoubleTree by Hilton in Panaji, Goa. Navjit Ahluwalia, Senior Vice President and Country Head, Hilton India, stated: “Goa is a popular leisure destination for travelers from across the world. We are delighted to expand our presence here with our new DoubleTree by Hilton in Goa – Panaji.” […]
Hilton

Categories

Blog Stats