BEL, HFCL ink MoU to leverage business opportunities across Defence & other sectors

Bharat Electronics Limited (BEL), a Navratna Defence PSU, and HFCL Limited (HFCL), a leading technology enterprise, have signed a two-year, non-exclusive Memorandum of Understanding (MoU) to leverage the strengths and capabilities of both the organisations and partner to indigenously develop and deploy emerging technologies and technical solutions to address the requirements of Defence, Telecom and Railway sectors.

As part of this MoU, BEL and HFCL shall pursue business opportunities, capitalising on their domain expertise, technological strengths and market presence to enhance the nation’s capabilities in Defence and contribute to the growth of telecommunications infrastructure and other critical, developing sectors.

BEL and HFCL shall in this process explore options such as Transfer of Technology and joint production of mutually identified products and solutions.

Furthermore, under the MoU, both the organisations will leverage their combined leadership and expertise in developing and manufacturing innovative products, solutions and technological capabilities to address the opportunities across sectors including Defence, Telecom and Railways.

About BEL

Navratna PSU Bharat Electronics Limited (BEL) was established in 1954 under the Ministry of Defence, GoI, with a farsighted vision to make the country self-reliant in Defence electronics. Today, BEL is a multi-Unit, multi-technology, multi-product conglomerate which designs, manufactures and supplies state-of-the-art products and systems in a wide variety of fields including Radars, Missile Systems, Military Communications, Naval Systems, Electronic Warfare & Avionics, C4I Systems, Electro Optics, Tank Electronics & Gun/Weapon System Upgrades, and Electronic Fuzes in the Defence segment.

BEL’s non-Defence business segment includes areas such as Electronic Voting Machines, Homeland Security & Smart Cities, Satellite Integration & Space Electronics, Railways, Artificial Intelligence, Cyber Security, Software as a Service, Energy Storage Products, besides Composite Shelters & Masts. BEL is fast expanding its global presence, putting its best foot forward to give a thrust to exports worldwide. All-out efforts are being made to tap new markets across the globe, including the Indian Ocean Region and friendly foreign countries.

BEL is also putting in its best efforts to ensure that it is in sync with the Government’s larger goal of indigenisation and self-reliance by engaging in collaborative R&D, augmenting its own R&D set up, outsourcing work to Indian private industries and MSMEs, and going in for Public-Private partnerships to execute turnkey projects.

About HFCL

HFCL is a leading technology company specialising in creating digital networks for telcos, enterprises and governments. Over the years, HFCL has emerged as a trusted partner offering sustainable high-tech solutions with a commitment to provide the latest technology products to its customers. 

The strong R&D expertise coupled with our global system integration services and decades of experience in fibre optics enable the company to deliver innovative digital network solutions required for the most advanced networks.

The Company’s in-house R&D centres located at Gurugram and Bengaluru along with invested R&D houses and other R&D collaborators at different locations in India and abroad, innovate a futuristic range of technology products and solutions.

HFCL has developed capabilities to provide premium quality OpticalFiber and Optical Fiber Cables, state-of-the-art telecom products including 5G Radio Access Network (RAN) products, 5G Transport Products, WiFi Systems (WiFi 6, WiFi 7), Unlicensed Band Radios, Switches, Routers and Software Defined Radios.

The Company has state-of-the-art Optical Fiber and Optical Fiber Cable manufacturing plants at Hyderabad, Optical Fiber Cable manufacturing plant in Goa and in its subsidiary HTL Limited at Chennai.