Bengaluru, Feb 5: A memorandum of understanding is a document that describes the broad outlines of an agreement that two or more parties have reached.
A total of 201 MoUs, technology transfers, and product launches were done in the Bandhan Ceremony held today on the last day of Aero India 2021.
Defense minister Rajnath Singh said that the Bandhan Ceremony exemplifies the spirit of public-private partnership in the defence and aerospace sectors and has forged strategic ties that are poised to transform defence and aerospace manufacturing. “Aero India 2021 is a living proof of India’s ever-growing strength in the defence and aerospace sectors at the global level. The event has exhibited that the global confidence in India’s capabilities is growing steadily,” Singh wrote in a tweet.
