On January 26, 2007, when the sleek, indigenously developed Nag Missile Carrier (NAMICA) rolled down Rajpath in the Republic Day parade, Larsen & Toubro (L&T) executives and workers watched with satisfaction.
 
The NAMICA, based on a BMP-1 armoured vehicle, had been integrated by India’s biggest private sector engineering company, a project that had begun years before defence manufacturing was thrown open to the private sector in 2001.

....click the link to read more