New Delhi/Bengaluru: At the 6th India-Russia Military Industrial Conference, held today in Bengaluru, Bharat Electronics Limited (BEL) has entered into an offset contract under-invest in kind with Joint Stock Company Rosoboronexport, Russia, for setting up industrial facilities for the manufacture of a wide range of aviation hoses at BEL Optronic Devices Limited, Pune, a subsidiary of BEL.
BEL’s General Manager (Technology Planning) Suresh Kumar KV exchanged the contract documents with Mr Vadim Belyaev, Deputy Head, Offset Division, JSC Rosoboron, in the presence of Mr M V Gowtama, CMD, BEL, and Mrs Irina Ryazantseva, Coordinator, Offset Programmes.
ALSO READ: India ready to supply weapons systems to IOR countries: Rajnath Singh
Setting up of industrial facilities under the contract for the manufacture of aviation hoses is fully consistent with the Government of India’s ‘Make in India’ program. As a result of the implementation of the Offset project, BEL will obtain a cost-effective, state-of-the-art technology based on modern production and testing machinery and proven technological processes manufacturing high-quality aviation hoses certified for international standards for all types of aircraft operating in India. The active operation of numerous aircraft of the Indian Air Force creates a constant demand for aviation hoses, which are consumables in nature.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)