New Delhi, Nov. 24 -- In a major impetus to Make-in-India and Aatmanirbhar Bharat as envisioned by Prime Minister Narendra Modi, Bharat Electronics Limited (BEL) and Safran Electronics and Defence (SED), France, have signed a Joint Venture Cooperation Agreement (JVCA) for the production of Highly Agile Modular Munition Extended Range (HAMMER) Smart Precision Guided Air-to-Ground Weapon in India.

The JVCA was inked by Manoj Jain, CMD of BEL, and Alexandre Ziegler, Executive Vice President, SED, in the presence of Secretary (Defence Production) Sanjeev Kumar and CEO Safran Olivier Andries in New Delhi on Monday, a Defence Ministry release said.

The agreement formalises the intent expressed in the MoU signed between BEL and SED on February...