Bharat Electronics Limited (BEL), a defence PSU 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 Government such as Make in India.
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.
