BEL signs tripartite MoU for manufacture of indigenised ammunition
Bengaluru/New Delhi: Navratna Defence PSU Bharat Electronics Ltd (BEL) today signed a tripartite MoU with joint stock company Rosoboronexport, Russia, and MSK Business Solutions Pvt. Ltd. for co-operation in the licensed production and supply of indigenised ammunition: 30 mm ammunition (HEI & HET), 40 mm ammunition (VOG-25) and 30 mm grenade ammunition (VOG-30 D).
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The MoU aims at leveraging the complementary strengths and capabilities of BEL and Rosoboronexport. It will enable the indigenisation of ammunition, as required by the Indian Army, in line with the Government of India's 'Make in India' and 'Atmanirbhar Bharat' initiatives.
Read Also : US Economy Beats Forecasts with 147,000 New Jobs in June, Dimming Hopes of Rate CutsMr K V Suresh Kumar, Director (Marketing), BEL, and Mr Viacheslav V Kozlov, Deputy Director General, Rosoboronexport, signed the MoU documents in Delhi today in the presence of Mr Anuj Gupta, Chairman and Managing Director, MSK Business Solutions Pvt Ltd, and GMs of BEL.
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