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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (9813)	11/27/1999 1:28:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

L&T develops weapons for defence sector -Triple Tube Torpedo Launcher larsentoubro.com Our Bureau - HBL NEW DELHI, Nov. 26 L&T, the infrastructure major, has successfully developed a triple tube torpedo launcher for the Indian Navy at half the cost offered by global companies. Mr. N. Nigam of L&T said the company, in partnership with the Naval Science and Technology Laboratory (NSTL), Visakhapatnam, fabricated the launcher fully indigenously after winning a global tender floated by the ship-building defence public sector unit, Garden Reach. Giving this example, Mr. Nigam told a conference on R&D and Industry, organised by the Department of Scientific and Industrial Research (DSIR) and FICCI, that the Indian private sector has the necessary capability to meet the stringent requirements of the defence sector. The L&T has also fabricated the weapon delivery system for the `Nag' missile, which was displayed at this year's Republic Day Parade as well as the vehicle for the `Pinaka' rocket launcher among several other critical inputs for other missile and defence equipment. He said L&T is fully geared to execute indigenous development projects from a few crores to hundreds of crores in the strategic sectors of defence, nuclear and aerospace. It has a large number of engineers who can be leveraged, Mr. Nigam told Business Line. He complimented the Defence Research and Development Organisation (DRDO) for realising the capability of the private sector and involving them right from the system concept design to realisation stage in a development project. The Indian industry is now a member of the progress review committee, design review and firing readiness teams. This meant the industry is an equal partner now in the indigenous defence projects. Mr. Nigam said among the three defence services, the Navy has exhibited complete commitment and `emotional' attachment to a joint project development. In the case of the Army and Indian Air Force this attitude has not developed, hence instances wherein the DRDO has funded the development phase of a project and the user preferring a foreign product are common, he said. Though development work for the DRDO was not a profitable one for L&T at present, the company was looking at the involvement on a long-term basis and felt that it would be highly rewarding, he said. Earlier, Mr. Sivathanu Pillai, Chief Controller (R&D) of the DRDO, in a presentation, said 8 of its laboratories have been opened up for private sector partnerships and the response was very encouraging. He said a large number of private sector units were participating in the indigenous missile development programme