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COMMENT: India's defence sector opportunity â€“ hype or $12 bn hope?

Media reports suggest that Warburg Pincus is likely to pick up a 40% stake in Tata Technologies (an engineering solutions and IT product developing arm of Tata Motors).
L&T goes on offensive with JV to make missiles for defence

Larsen & Toubro, which has for long wanted a bigger footprint in the Indian defence sector, has got cracking on its ambitious plans. The company today announced a 51:49 joint venture with Europe‘s MBDA Missile Systems with an eye on Rs. 10,000 revenues from the defence sector by 2021.
L&T inks JV with Europe's MBDA to develop, supply missile system

Larsen & Toubro Ltd is likely to announce today a joint venture with Europe's MBDA Missile Systems to cater to the defence needs of the Indian government.

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Mbda Missile Systems

COMMENT: India's defence sector opportunity â€“ hype or &#36;12 bn hope?

L&T goes on offensive with JV to make missiles for defence

L&T inks JV with Europe's MBDA to develop, supply missile system

COMMENT: India's defence sector opportunity â€“ hype or $12 bn hope?