L&T signs deal with S.Korea's Hanwha for artillery guns | Reuters

NEW DELHI Indian engineering firm Larsen & Toubro signed a deal with South Korea's Hanwha Techwin to supply artillery guns to the Indian army in a deal estimated to be 4.5 billion rupees ($696.38 million), the two firms said on Friday.Jayant Patil, head of the defence and aerospace wing of L&T, said the two companies will jointly manufacture the self-propelled howitzer - a boost for Prime Minister Narendra Modi's Make-in-India drive to push domestic industry.

The Indian army had chosen L&T to supply 100 guns, Patil said, adding the contract will be among the first under the indigenisation campaign aimed at reducing the military's dependence on foreign imports.

The military's bigger projects such as acquisition of fighter planes, helicopters and submarines are making slower progress because of the government's insistence on involvement of local players.

South Korea's Minister for Defence Acquisition Program Administration, Chang Myoung Jin, said Seoul was looking to significantly expand defence ties with India.($1 = 64.6200 Indian rupees) (Reporting by Sanjeev Miglani; Editing by Sunil Nair)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Apr 21, 2017 20:47 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See