BENGALURU. Bharat Forge Limited and Navratna defence PSU Bharat Electronics Limited (BEL) on Feb 21 entered into a Memorandum of Understanding (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 between the two companies during 12th edition of Aero India, being held in Bengaluru.
The MoU will also enable both Bharat Forge and BEL 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.
BEL has expertise in the design, development, engineering and manufacture of Radar & Weapon Systems, NCS and Communications systems, Electronic Warfare & Avionics, Naval Systems, Electro-optics products, Tank Electronics & Gun Systems, Satcom Systems, Homeland Security & Smart City solutions, Strategic Components and select civilian products.
Bharat Forge is the flagship company of the USD 3 billion Kalyani Group and a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including Automotive, Defence, Aerospace, Railways, Power, Construction & Mining, Marine and Oil & Gas.
In its defence profile, Bharat Forge has expertise in design, development, engineering and manufacturing in systems and sub-systems space for Artillery Guns, Armoured Fighting Vehicles, Protected Vehicles, Ammunition, Defence Electronics and Small Arms.
Rajinder Singh Bhatia, President & CEO (Defence & Aerospace), Bharat Forge and Anandi Ramalingam, Director (Marketing), BEL signed the MoU documents in the presence of Baba Kalyani, Chairman & Managing Director, Bharat Forge and MV Gowtama, CMD, BEL.