Govt. Must Consider Reintroduction Of Tax Incentives For R&D In Defence: Jayant D. Patil, L&T

Time-lags have proved a hurdle for defence equipment procurement in India, which is why the private sector L&T Defence’s ahead- of- schedule delivery of 100 of the K9 Vajra to the Indian Army is path-finding. L&T Defence heralds a new chapter in defence production in India, standing out as a leader with next-gen technology that ranges from the potential light tank to next generation submarines under the P75 I. Jayant D.Patil, Whole-time Director and Sr. Executive VP (Defence & Smart Technologies) - L&T, is a key force behind these game-changing initiatives and unprecedented transformation that the Indian defence industry is witnessing. In a free-wheeling chat with BW Businessworld’s Manish Kumar Jha, he addresses wide-ranging topics on technological innovation for the Indian Armed Forces.