BEL & TEXMACO ink MoU at Aero India
A strategic and unique MoU signifying Public-Private Sector Partnership, signed between Navratna Defence PSU Bharat Electronics Limited (BEL) and Texmaco, was announced at Aero India.
Anandi Ramalingam, Director (Marketing), BEL, and Tribhuvan Darbari, Managing Director & CEO, Texmaco Defence Systems Private Limited & Chief Executive, Texmaco Rail & Engineering Ltd. (TREL), signed the MoU documents. Maj Gen (Retd) Lalit Arora, Advisor, Texmaco Defence, a part of Texmaco Rail & Engineering Ltd (Adventz group), and Rajasekharan M V, Director (R&D), BEL, exchanged the documents in the presence of senior officers.
The MoU is aimed at exploring opportunities under GOCO Model implementation for the overhaul of various Land Systems of the Indian Army, particularly Amoured Fighting Vehicles (AFV) platforms. It also looks at other opportunities of mutual interest in the Civil Aviation & Railways sectors. The MoU has been signed in keeping with the clarion call given by the Hon’ble Prime Minister for building an ‘Aatmanirbhar Bharat’ and facilitating ‘Make-in-India’.