L&T requests for permission in SEZ unit

L&T MBDA requests for permission in SEZ unit

L&T MBDA Missile Systems Ltd, joint venture between engineering conglomerate Larsen & Toubro and France’s MBDA, has urged government to grant a provisional Letter of Approval (LoA) for company’s proposed Special Economic Zone (SEZ) unit in Coimbatore to start construction of facilities. The proposed SEZ unit is to come up at Aspen Infrastructures Ltd SEZ, Coimbatore, Tamil Nadu. It will focus on assembly, integration, and functional testing of missile sub-systems and missile weapon systems. The BoA on SEZ, in its meeting in November 2018, had considered request for LoA by L&T MBDA Missile Systems, but at that time it had not given its approval. An application for industrial licence was subsequently made to the DPIIT and is under its consideration.

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