The Airports Authority of India (AAI) has entered into a memorandum of understanding (MoU) with Navratna Defence PSU Bharat Electronics (BEL) for providing a platform for both the companies to collaborate and support each other to address emerging global opportunities in the airport business, including those in the Asia Pacific region.
The move could provide a major boost to the civil aviation industry.
In furtherance of such cooperation, AAI, playing the role of a development partner, will render assistance to BEL in its domain of expertise to enable execution of the prestigious MEA projects outside India by BEL.
Both the organisations will work in close co-operation with each other in the field of civil aviation, in both present and future projects handled by BEL.
The manufacturing of Communication, Navigation & Surveillance (CNS) equipment in India will reduce the cost substantially and save foreign exchange outflow, paving the way for an Atmanirbhar Bharat.
The MoU will provide for synergy of capabilities of both the organisations in their respective domains, leading to mutually beneficial and lasting solutions in the evergrowing field of aviation.
With the skills and expertise of AAI, BEL is hopeful of entering into the domestic civil aviation market as well into the South-East Asian, African and Latin American civil aviation markets.