The Airports Authority of India (AAI) and Defence Pubic Sector Unit (PSU) Bharat Electronics Ltd (BEL) has signed an Memorandum of Understanding (MoU). The MoU aims to tap the emerging global markets in the airport business, including the ones in the Asia-Pacific region. The partnership between the two companies will support each other in addressing the emerging global opportunities in the airport business.
The MoU will also provide a common platform for both the companies to work together and hence, will give a major lift to the civil aviation industry in the future. AAI will help BEL in its domain of expertise while playing the role of a development partner. This will enable BEL in execution of the MEA projects outside India. Hence, the partnership will help BEL in tapping the domestic civil aviation market as well into the South-East Asian, African and Latin American civil aviation markets.
Important takeaways for all competitive exams:
May 2024 is brimming with significance, hosting a myriad of observances, celebrations, and remembrances globally.…
Here, we are discussing about the winners of the ICC Men's T20 World Cup from…
Noted Hindi film superstars Hema Malini and Saira Banu, along with other prominent personalities from…
Alok Shukla, a renowned environmental activist and convenor of Chhattisgarh Bachao Andolan, has been selected…
Deloitte India has revised its GDP growth forecasts for FY24 and FY25, with a significant…
Invest India predicts that India's ecommerce sector will skyrocket to $325 billion by 2030, with…