Bharat Earth Movers Ltd (BEML), a public sector enterprise under the Ministry of Defence, has signed a memorandum of agreement (MoA) with UAC, Moscow at International Aero Show at Paris. The MoA was signed by Mr Umesh Chandra, Executive Director (Defence Business), BEML and Mr Vladmir A Belyakov, Marketing Director, UAC, Moscow.
According to Mr Chandra, the purpose of this pact is to explore business opportunities in production, sales, marketing and maintenance of civil transport as well as passenger aircraft in India. BEML had recently diversified its business into aerospace and acquired land at special economic zone (SEZ) Aerospace Park near new Bangalore International Airport for establishing an exclusive division. The new division is to manufacture aerospace components and aggregates, fabrication of structural sub-assemblies, jigs for aircraft structures and migrate in manufacture of aircrafts and helicopters.