Bharat Electronics Limited (BEL) Secures Ministry of Corporate Affairs (MCA) Approval to Establish Joint Venture with Israel Aerospace Industries.
National
Bharat Electronics Limited (BEL) has received approval from the Ministry of Corporate Affairs (MCA) to establish a joint venture with Israel Aerospace Industries. This partnership aims to enhance collaboration in the aerospace and defense sectors, leveraging BEL's expertise in electronics and Israel's advanced aerospace technology. The joint venture is expected to focus on manufacturing and developing high-tech defense solutions, contributing to India’s self-reliance in defense production. This strategic move aligns with the Indian government's initiatives to boost domestic manufacturing and strengthen ties with Israel in the defense sector, paving the way for future innovations and advancements.
The joint venture will enable the development of advanced defense systems, fostering innovation in India's defense manufacturing sector.
This collaboration is part of India's efforts to strengthen defense ties and promote indigenous manufacturing capabilities.
Chairman& MD : Manoj Jain
Headquarters: Bangalore, India
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