Boeing in pact with India’s BEL

Indian state-run firm Bharat Electronic Ltd has signed an agreement with US aircraft manufacturer Boeing Co to jointly set up a facility ...

Written by Reuters | New Delhi | Published:February 22, 2009 1:51 am

Indian state-run firm Bharat Electronic Ltd has signed an agreement with US aircraft manufacturer Boeing Co to jointly set up a facility to help modernise India’s defence forces,the company said in a statement on Saturday. The proposed analysis and experimentation centre will be staffed with local personnel who will work with India’s Defence Ministry,the statement said.

India is looking to spend $30-40 billion on imports over the next five years to modernise its largely Soviet-era arms by introducing new weapons systems.

It is allowing state-run and private firms to tie up with foreign defence equipment makers to scale up domestic production.

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