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L&T to deliver first patrol boat to Vietnam
Why is it in news?
- The first high-speed patrol boat being built for Vietnam under the $100-million Line of Credit (LoC) will be delivered by September, said J.D. Patil, whole time director & senior executive vice president defence & smart technologies, Larsen & Toubro.
More in news
- 2014 $ 100 million LoC:
(1) India had extended $ 100 million Line of Credit to Vietnam in 2014 for defence modernisation.
(2) Vietnam is procuring 12 such boats under the LoC extended in September 2014.
- $500 million line of credit: In 2016, India had extended another $500 million defence LoC to Vietnam and discussions are under way to identify the equipment.
- Interest in Akash and Dhruv: Vietnam has expressed interest in Akash surface-to-air systems and Dhruv advanced light helicopters.
Sources
The Hindu