BANGALORE AUGUST 29, 2012 : State-owned public sector undertaking Bharat Electronics Ltd (BEL) has entered into a joint venture with French defence major Thales, the Bangalore-based undertaking announced on Wednesday. Bharat Electronics and Thales boards approve formation of new joint venture company This is good, : 1. Such an Venture will decrease load on Slow and improperly administered PSUs. 2. Keeping 74% with BEL is also good. 3. Know how and good administration capabilities of these firms will benefit Indian side.