Larsen & Toubro's head of aerospace and defense, Jayant Damodar Patil, in an exclusive interview with Defense News, shares the secret of L&T's success in the defense sector and its future plans.
Ever since Bangladesh took delivery of Chinese submarines on Nov. 14, analysts in India have expressed increasing concern over a deepening of China's footprint in India's friendly neighbor.
Even after the public release of its new blacklisting policy, India's Ministry of Defence (MoD) has not set a timeline for lifting the ban on those defense companies already blacklisted, with a top MoD official saying that in "some cases" the blacklisted status may continue.
An India policy think tank called upon the country's domestic private defense industry to intervene with the Ministry of Defense (MoD) and other ministries to fast track domestic projects and convert some global buy projects to Make in India projects.
The Indian navy plans to acquire seven new-generation guided missile corvettes at a cost of $2 billion to replace its Russian-built 1241-RE missile boats, allowing only domestic companies to bid under the government's "Make in India" rules.
Faced with "critical shortages" of ammunition and other equipment, India has triggered its Fast Track Purchase (FTP) process to tap the overseas market, bypassing prescribed routine acquisition procedures.