REIL inks MoU with Government of India for FY 2019-20

New Delhi/Jaipur: Rajasthan Electronics & Instruments Limited (REIL) has signed performance MoU for the financial year 2019-20 with the Department of Heavy Industry, Ministry of Heavy Industries & Public Enterprises Govt. of India & has set yet another highest target with 18% growth in revenue from operations and 31% growth in profit. Dr. A.K. Jain, Managing Director, REIL signed MoU for performance targets of the Company for the year 2019-20 with Dr. A. R. Sihag, Secretary, Department of Heavy Industry, Ministry of Heavy Industries & Public Enterprises, Government of India at New Delhi.

 

On this occasion, Dr. Jain stated that Company will strategically contribute in e-mobility mission of the Government of India through manufacturing & setting up of EV Charging Infrastructure under FAME Scheme. The Company also look forward to contribute in Skilling India mission by bridging the skill gap at various levels in the areas of Agro Electronics, Renewable Energy & E-mobility and hence, creating employment opportunities to bring livelihood for masses, in addition to its on-going activities aligned with national missions such as Make in India, National Solar Mission, National Dairy Plan, Digital India and Swachh Bharat Mission.

 

On this occasion Managing Director Dr. Jain assured Secretary that the Company will continue to move on progressive path and will achieve set targets with the support of Government of India, State Government, other stake holders and dedicated team of REIL employees.