BHEL Signs Defence MoU with Russian Rosoboronexport
Bharat Heavy Electricals Ltd. (BHEL), the largest Indian Govt controlled engineering company, informed stock exchanges that is has signed an MoU with Russian Rosoboronexport JSC for cooperation and undertaking joint defence systems’ projects.
The MoU signed during the India Russia Military Industrial conference held in Lucknow would help BHEL to leverage it’s defence sector related capabilities as well as partner with Russian OEMs under the ‘Make in India’ initiative. Indian defence forces could benefit from indigenous solutions and locally available support.
India Russia Military Industrial conference was held on the sidelines of DEFEXPO 2020.
About Rosoboronexport JSC (part of Rostec State Corporation): 85% of Russian military exports are routed through Rosoboronexport JSC. It is among the World’s largest exporters of military equipment and the only Russian state-controlled intermediary for exports and imports of Russian military and dual-purpose products, technologies and services.