AAl will render assistance to BEL to enable execution of the MEA projects outside India by BEL
In a move that could provide a major boost to the civil aviation industry, the Airports Authority of India (AAI) has entered into a Memorandum of Understanding (MoU) with Navratna Defence PSU Bharat Electronics Limited (BEL), to collaborate in the airport industry, including those in the Asia Pacific region.
AAl will render assistance to BEL to enable execution of the MEA projects outside India by BEL, an official statement read.
Both the organisations will work in close co-operation with each other in the field of civil aviation, in both present and future projects handled by BEL.
The MoU was signed today by Mr Sanjai Kumar Singhal, General Manager (Business Development), AAI, and Mr Manoj Kumar, Executive Director (National Marketing), Regional Office-Delhi, BEL, at the AAI Corporate Headquarters, in the presence of Mr Arvind Singh, Chairman, AAI, Mr M V Gowtama, CMD, BEL, and senior Management of both the organisations through video conferencing.
Addressing experts from both the sides, Chairman, AAI, exuded optimism that the partnership between the two organisations would prove to be a game-changer in the Indian aviation sector in the years to come. He also said that the manufacturing of Communication, Navigation & Surveillance (CNS) equipment in India will reduce the cost substantially and will save foreign exchange outflow, paving the way for an” Atmanirbhar Bharat”.
CMD, BEL, affirmed that the MoU would provide for synergy of capabilities of both the organisations in their respective domains, leading to mutually beneficial and lasting solutions in the ever-growing field of aviation. He also said that with the skills and expertise of AAI, BEL is hopeful of entering into the domestic civil aviation market as well into the South-East Asian, African and Latin American civil aviation markets.