Yelahanka, Bangalore. 27 February 2019. Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with JSR Dynamics Pvt Ltd (JSR), a Nagpur-based start-up Company.
The MoU aims at leveraging the individual design and manufacturing
capabilities of BEL and JSR to develop weapons and light weight cruise
missiles, which have business potential in both the domestic and
international markets. Anandi Ramalingam, Director (Mktg), BEL, and
Air Marshal (Retd) S B Deo, Managing Director, JSR Dynamics Pvt Ltd,
signed the MoU in the presence of M V Gowtama, CMD, BEL, Directors and
other senior officers of BEL.
BEL has, as part of the Government of India’s Start-up India Initiative,
been extending its support to start-up Companies.