- Bharat Electronics Limited (BEL), an esteemed Defence PSU, recently entered into a Memorandum of Understanding (MoU) with Israel Aerospace Industries (IAI), a top aerospace and defense firm from Israel.
- The purpose of this collaboration is to cater to India’s needs in Short Range Air Defence Systems.
- This significant MoU was formalized in Bengaluru. Furthermore, this agreement between BEL and IAI is in line with the Indian Government’s initiatives for ‘Atmanirbhar Bharat’ (Self-Sufficient India) and the ‘Make in India’ movement.