MOU
BEL signed MoU with Bharat Forge
Bengaluru: Bharat Electronics Limited (BEL) and Bharat Forge Limited (BFL) have entered into an MoU for strategic co-operation in the field of Defence and aerospace products/systems to jointly capitalise on the emerging opportunities in the domestic market, leveraging the policy initiatives of the Indian Government such as Make in India.
The MoU was Signed by Mrs. Anandi Ramalingam, Director (Marketing), BEL, and Mr Rajinder Singh Bhatia, President & CEO (Defence & Aerospace), Bharat Forge at 'Aero India 2019', Bengaluru on 22th February 2019, in the presence of Mr Baba Kalyani, Chairman and Managing Director, Bharat Forge, and other senior officers of BEL and Bharat Forge.
The MoU will also enable BEL and Bharat Forge to make joint efforts to seize the opportunities available in the global markets for export of Defence products/systems produced by the individual companies or jointly developed and produced by the two companies, leveraging on the Export Promotion Policy of the Ministry of Defence, Government of India.
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