Sweden's Foreign Minister visits BEL

By Staff
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Google Oneindia News

Bangalore, May 2 (UNI) Sweden's Minister for Foreign Affairs Carl Bildt today said that there were many areas where public sector electronic major Bharat Electronic Ltd and Swedish companies explore fresh business avenues.

The Swedish Minister, who is on a two-day visit to the city, said, "There are many areas where BEL, with its wide range of products from radares to electronic voting machines, can explore new business avenues." Mr Bildt visited the Bangalore Complex of the premier defence public sector unit along with a high-level Swedish business delegation today. Top Swedish firms were upbeat about forging new business ties with Bharat Electronics Ltd (BEL) in the defence and civilian segments, he said.

On the occasion, BEL's Chairman and Managing Director V V R Sastry made a presentation on the PSU's capabilities and areas of operations in the defence and civilian sectors. This included military communication systems, radars and sonars, naval systems, telecom and broadcast systems, electronic warfare systems, tank electronics, opto electronics, professional electronic components, solar-powered systems.

The CMD highlighted the possible areas where BEL could contribute in meeting the offset requirements of Swedish firms. This included design modifications to customise products, software development in embedded processes, real time applications, development of command control systems and encryption products or modules, assembly and testing of electronic assemblies/products, maintenance, repair and overhaul (MRO), system integration, installation and commissioning, as well as contract manufacturing based on 'Build to Print' and 'Build to Spec'.

BEL had already tied up with a few Swedish firms to take advantage of the offset clause for defence procurements from abroad.

The offset policy of the Government of India makes it mandatory for foreign companies to invest 30 per cent of the contract amount in India for procurements valued at Rs.300 crore or more.

The delegation later visited the Electronic Warfare and Avionics and Telecom and Broadcast Systems strategic business units and Quality Assurance facilities at BEL.

UNI

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