L&T MBDA, Tata Power defence proposals get SEZ board’s nod
L&T MBDA Missile Systems Ltd, a joint venture between L&T and France’s missile systems manufacturer MBDA, has received in-principle approval from the government for its proposed unit for assembly of missile weapon systems at the Aspen Infrastructure Ltd Special Economic Zone (SEZ) in Coimbatore. This will allow the company to carry out some preparatory work while waiting for its industrial licence.
The Board of Approval for SEZs, in its recent meeting, also gave its approval to a proposal by Tata Power Company Ltd’s SEZ unit under Cochin SEZ (CSEZ) seeking grant of industrial licence for manufacture of defence aircraft for military application, as per minutes of the meeting.
