New Delhi: Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with Munitions India Limited (MIL), a Defence PSU, to jointly address the requirements of Indian Defence and Export markets in the areas of Ammunition, Explosives and related systems.
BEL's Director (Other Units) Bhanu Prakash Srivastava and MIL Director (Operations) SK Rout exchanged the MoU documents at Defexpo today in the presence of Mr Ravi Kant, CMD, MIL, Mr Joydeep Majumder, Executive Director, BEL and other senior officers of BEL and MIL.
The MoU aims at leveraging the complementary strengths and capabilities of BEL and MIL and strengthens the spirit of the Make In India initiative of the Government of India, for achieving self-reliance in Defence Sector. The cooperation will enable the companies to jointly address the domestic and Export opportunities in the areas of Ammunition, Explosives and related systems and sub-systems.
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