<p>The MoU, signed in Lystrup, Denmark, envisages current and future co-operation leveraging and complementing the unique strengths of the companies, sources in BEL said, pointing out that Terma has wide range of capabilities in naval-related products and technology. <br />Confirming the signing of the agreement, BEL Director Research and Development I V Sarma said: “The MoU has been signed and this will help us meet the offset obligations besides work closely with their technology.”<br /><br />While this is an important agreement for BEL, it gives Terma an entry into India.</p>
<p>The MoU, signed in Lystrup, Denmark, envisages current and future co-operation leveraging and complementing the unique strengths of the companies, sources in BEL said, pointing out that Terma has wide range of capabilities in naval-related products and technology. <br />Confirming the signing of the agreement, BEL Director Research and Development I V Sarma said: “The MoU has been signed and this will help us meet the offset obligations besides work closely with their technology.”<br /><br />While this is an important agreement for BEL, it gives Terma an entry into India.</p>
