Paris - European Aeronautic Defence and Space Company's (EADS) defence and security division and Indian engineering giant Larsen & Toubro (L&T) announced plans Tuesday to form a joint venture for defence electronics in India.

The new company, which is to be based in Talegaon, near Pune, will design, develop and produce products in the fields of electronic warfare, radar, military avionics and mobile systems, the two companies said in a statement.

EADS defence and security head Stefan Zoller said: "The cooperation with L&T is an important milestone on the way to increasing our industrial footprint in India. The Indian defence and security market is growing fast and we want to grow with it."

The formation of the joint venture is still subject to approval by the Indian government. (dpa)