New Delhi, Feb. 16 -- Bharat Electronics Limited (BEL) has entered into a joint venture agreement with Safran Electronics & Defense (SED) to collaborate on the HAMMER Weapon System, ahead of French President Emmanuel Macron's visit to India.
Prime Minister Narendra Modi will meet President Macron in Mumbai on Tuesday to review progress on the India-France Strategic Partnership and discuss key regional and global issues.
The joint venture will be incorporated as a private limited company under the Companies Act, with its registered office and principal place of business in Pune or another mutually agreed location.
The new company will operate a "Center of Excellence", serving as a technology and teaming partner for the manufacturing, supp...