India–UK Deepen Defence Cooperation with Focus on Naval Electric Propulsion

Key Highlights:

• 4 Landing Platform Docks (LPDs): India and the UK are set to sign an Inter-Governmental Agreement for the development of Integrated Full Electric Propulsion (IFEP) systems for four Indian Navy LPDs.
• Indigenous capability: The programme is aimed at developing advanced electric-propulsion technology within India, with the objective of supporting domestic design, engineering and manufacturing capabilities.
• Technology collaboration: The proposed agreement builds on the India–UK cooperation framework for co-design, co-creation and co-production of electric-propulsion capabilities for future naval platforms.
• Growing naval requirements: India is pursuing expansion and modernisation of its naval fleet, with discussions also covering advanced propulsion, power-management and other naval technologies.
• GE Vernova partnership: GE Vernova is expected to participate in the programme and has partnered with BHEL to establish India's first maritime land-based testing facility for IFEP technology.

Key Observations:

Technology collaboration + Indigenous Manufacturing + Naval Modernisation are supporting the development of capabilities within India's defence manufacturing ecosystem. The India–UK propulsion programme combines access to specialised technology with the objective of building capabilities within India's shipbuilding and engineering ecosystem.

Source: The Indian Express Date: 27 August 2026 (Indian Express)

*Portfolio allocation as on 30th June 2026. Allocations are subject to change based on portfolio positioning, investment decisions, and market conditions.

Disclaimer:

The information provided is for informational purposes only and should not be construed as investment advice or a recommendation to buy, sell, or hold any security or sector. Views are based on current market conditions and are subject to change without notice. Sectoral allocations and portfolio positioning may vary across schemes and are subject to change in accordance with the investment objective and market conditions. Past performance may or may not be sustained in future and is not a guarantee of future returns.

Entity Name: Motilal Oswal Mutual Fund | SEBI registered Number: MF/063/09/04

Mutual fund investments are subject to market risks, read all scheme related documents carefully.