Vice-Chancellor of the National Law School of India University (NLSIU) R. Venkata Rao and Director, Finance, Hindustan Aeronautics Limited A.K. Mishra signed a memorandum of understanding (MoU) for the establishment of HAL Defence Public Sector Chair in Business Laws at NLSIU, on Monday in Bangalore.

Besides imparting training in international business contracts management to HAL executives, the MoU is expected to enable capability building of HAL's contract management system.

The HAL Chair Professor of NLSIU will engage in research pertaining to relevant areas of business laws relating to defence procurement.  

The MoU will facilitate development of a platform of defence public sector community for contracts and business laws and build a data base for defence public sector undertakings in general and HAL in particular.

V. Nagaraj, NLSIU, and Venkatasubramanian, General Manager (Finance) were present.