L&T to deliver first patrol boat to Vietnam

L&T to deliver first patrol boat to Vietnam

The first high-speed patrol boat is being built for Vietnam under the $100-million Line of Credit will be delivered by September. Hanoi is procuring 12 such boats for its border guard force under the Line of Credit (LoC) extended in September 2014.

Key Points:

• It is expected to deliver the first boat this September.
• 5 boats will be built by L&T while the remaining will be built in Vietnam. and the boats are to be finished by mid 2021.
• In 2016, India had extended a $500 million defense LoC to Vietnam and discussions are underway to identify the equipment.
• Vietnam has expressed interest in Akash Surface-to-Air Systems and Dhruv Advanced Light Helicopters.
• India has also extended a defence LoC to Bangladesh and part of that is also for naval vessels.