Schedule a Call Back
PTC Industries, Nasmyth forge strategic partnership for Global Aerospace Solutions
Industry News- Jan 03,24
PTC Industries seeks to enhance its capabilities to better serve the specific requirements of Indian customers and execute projects more efficiently.
PTC Industries and Nasmyth (UK) recently signed a Memorandum of Understanding (MoU) to strengthen their collaborative endeavours, aiming to deliver advanced solutions to defence and aerospace clients on a global scale, with a specific focus on India.
This strategic partnership aligns with the 'Make in India' Atmanirbhar Bharat program, showcasing a shared commitment to supporting indigenous manufacturing. PTC Industries seeks to enhance its capabilities to better serve the specific requirements of Indian customers and execute projects more efficiently. The collaboration's primary focus will be on advancing casting, machining, assembly, and thermal precision engineering capabilities within India.
Not only does this collaboration contribute to the 'Make in India' initiative, but it also addresses the increasing demand for vertically integrated supply chain solutions. By expanding capacity in the market, the partnership aims to offer global solutions to original equipment manufacturers (OEMs) looking to diversify and mitigate supply chain risks, providing opportunities for capacity growth.
PTC Industries, renowned for its cutting-edge manufacturing campus in Lucknow, stands out as a global leader in supplying high-precision metal components crucial for aerospace and defense operations. The company actively engages in various defence programs and major projects for both the Indian Government and global OEMs.
Nasmyth Asia, boasting an advanced manufacturing facility in Bangalore, complements PTC's capabilities with turnkey manufacturing and engineering solutions that surpass industry standards. Their expertise includes bespoke machining services, assembly, and system integration.
Tony Upton, CEO of Nasmyth, expressed enthusiasm about the collaboration, emphasising the opportunity to deliver new solutions to OEMs through joint efforts in India. Sachin Agarwal, Managing Director of PTC Industries Limited, echoed this excitement, highlighting the expanded collaboration with Nasmyth across multiple defence and aerospace projects globally, especially in applications related to aero-engines and gas turbine engines.
Source: In.investing.com
PTC Industries
Nasmyth
Make in India
Atmanirbhar Bharat
Precision Engineering
Lucknow
Bangalore
Tony Upton
Sachin Agarwal
Related Stories
Heating & Cooling Equipment
Danfoss India plans to accelerate localisation of HVACR compressors and controls
The decision to invest in ramping up local manufacturing capabilities in India will help minimise the company’s dependency on imports for the Indian market.
Read moreRailways
Balu Forge and Swan Energy partner for railways, defence, and aerospace ventures
According to an exchange filing, BFIL will hold a 40% stake in the SPV, with SEL taking the remaining 60%.
Read morePolicy Regulation
Capital-intensive industries drive employment growth in India: Goldman Sachs
India’s manufacturing transformation is being fuelled by reforms, including the Production-Linked Incentive (PLI) schemes, which have played a pivotal role in increasing domestic production, foste..
Read moreRelated Products
Troop Comforts revolutionises military gear with indigenous innovations
Aerospace & Defence
Troop Comforts Ltd (TCL), a state-owned defence corporation, has recently received a request for proposal (RFP) from the Northern Command of the Indian Army for its indigenously developed military gea Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
