Navratna Defence PSU, Bharat Electronics (BEL) has signed an memorandum of understanding (MoU) with JSR Dynamics (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.
BEL has, as part of the Government of India's Start-up India Initiative, been extending its support to start-up Companies.
@EPC World Media
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