Why are Reliance, L&T battling over defence contract from the Indian Navy? The Indian Navy has asked for new warships from the government which would be capable of carrying as many as 3000 troops, besides armoured vehicles and battle tanks. But the Indian Navy is indecisive as to which one out of the two competing companies, Larsen and Toubro (L&T) or Reliance Naval Engineering Limited should get the contract.
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As reported by Asia Times and secondary research by EurAsian Times, choosing one company over the other could lead to political repercussions and hence the political dilemma over the contract is resulting in an unprecedented delay. This delay could be crucial for the Indian Navy given the tough challenges lined up ahead amid threats from China and Pakistan. Larsen and Toubro and Reliance Naval Engineering Limited are the two big sharks competing for the contract.Read More…