State-owned Bharat Electronics Limited (BEL) is in the final stages of talks for a joint venture with the French major Thales Group to make radars for both the military and civilian markets in India, according to sources.
Although both the companies have refused to divulge into details about this venture, the talks have been going on for a while and a formal agreement may be reached in a couple of months. BEL officials have indicated that as a part of its expansion plan, BEL has been holding talks with local and international companies to manufacture a variety of systems such as missile electronics, guidance systems, microwave super components, electro-optics and airborne electronic warfare systems.
BEL, the sole maker of radars in the country, has to get the Indian government’s approval before formalizing any joint venture. The firm earned 86% of its annual revenue of $960 million in 2008-09 from the defence sector. BEL currently makes military radars such as Rohini and 3D tactical control radars it jointly developed with the Defence Research and Development Organisation. These radars can also be modified for civilian use. BEL also has pacts with Israel Aerospace Industries Ltd and Elisra Group of Israel to jointly develop unmanned aerial vehicles and airborne electronic warfare systems.
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