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Article: India: BEL seeks JVs to bridge gaps in tech.
- Article from:
- TendersInfo
- Article date:
- August 24, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shiv03
As competition from private companies increases in what was once its exclusive domain, Bharat Electronics Ltd (BEL), India s largest listed public sector defence firm, is in talks with at least a dozen global and Indian companies to set up joint ventures to bridge gaps in technology and business segments and double its revenue to Rs10,000 crore in three years.
The state-owned company has traditionally been a preferred vendor to build radars and communication and electronic warfare systems for the Indian military, but was deprived of the status after India allowed private firms to compete for defence orders. Companies such as the Tata ...
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