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Government Approves BEL and Israel Aerospace Joint Venture

Government Approves BEL and Israel Aerospace Joint Venture

The Ministry of Corporate Affairs has approved the formation of a new joint venture between Bharat Electronics Ltd. (BEL) and Israel Aerospace Industries (IAI).

The venture, named BEL IAI AeroSystems Pvt. Ltd., will focus on advanced aerospace technologies. BEL holds a 40% stake, owning 1,64,000 shares in the company. This joint venture is expected to enhance India’s defense capabilities and boost innovation in aerospace systems. BEL's stock closed at ₹285.05, reflecting a 2.83% drop. The approval marks a significant step in India's defense sector growth.



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