AAI and BEL sign MoU for co-operation in civil aviation industry
Both the organisations will work in close co-operation with each other in the field of civil aviation
In a move that could provide a major boost to the civil aviation industry, the Airports Authority of India (AAI) has entered into an MoU with Navratna defence PSU Bharat Electronics (BEL), to provide a platform for both the companies to collaborate and support each other to address the emerging global opportunities in the airport business, including those in the Asia Pacific region.
AAl will play the role of a development partner and render assistance to BEL to execute MEA projects outside India. Both the organisations will work in close co-operation in present and future projects handled by BEL.
The MoU was signed by Sanjai Kumar Singhal, GM (business development), AAI, and Manoj Kumar, executive director (national marketing), regional office - Delhi, BEL, in the presence of Arvind Singh, chairman, AAI, MV Gowtama, CMD, BEL, and senior management of both the organisations through video conferencing.
Singh said that the partnership between the two organisations would prove to be a game-changer to the Indian aviation sector. He added that manufacturing of communication, navigation & surveillance (CNS) equipment in India will reduce costs substantially and save foreign exchange outflow, paving the way for Atmanirbhar Bharat.
Gowtama said the MoU would provide for synergy between the two organisations in their respective domains, leading to mutually beneficial solutions in the field of aviation. 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.