DefExpo 2018: On day one, DRDO, MNCs inks pacts with Indian companies

This comes on the backdrop of government's efforts to boost private industry to participate in the "Make in India" programme

On the first day of Defence Expo 2018, which started on Wednesday, one of the key developments was the number of agreements signed for ‘Transfer of Technology (TOT).

Starting from Defence Research and Development Organisation (DRDO), Adani, Larsen & Toubro (L&T), Bharat Electronics Limited (BEL), multinationals from United States, Europe, Korea have signed pacts and shown interest to transfer technologies to the Indian companies.

"At the national level, about 1,500 companies have been engaged with the ministry. So far, 712 technology transfers have been made. At the state level, 35 companies have signed Transfer of Technology for the supply of