PTC Industries Limited, has made a bold move to enhance India's defence manufacturing sector by entering into a Memorandum of Understanding (MoU) with Bharat Dynamics Limited. The MoU reflects the inauguration of PTC's Titanium & Superalloys Materials Plant in Lucknow, and it is a new beginning for a joint-venture company that will be the forefront of designing, developing and manufacturing systems of propulsion.
Among the many things that the new company will be working on, the first one will be the focus of complete propulsion systems, guided bombs and aero-engines for missiles and drones as well as loitering munitions. After getting the green light from all the regulators, the partnership aims at India not only cutting down the import percentage but also raising India’s domestic manufacturing sector of high‑tech defence equipment keeping in pace with the present and far‑reaching future demands.
Through PTC Industries, India can gain with its materials science skills and precision engineering capabilities, while Bharat Dynamics is the perfect partner with its expertise in systems integration and Defence‑Technology Development. The first step, thus, is to develop a fully integrated "design to delivery" ecosystem equipped with a manufacturing system for cutting‑edge Technologies such as liquid‑ and solid‑rocket motors, ramjet and turbojet engines — the core of the next‑generation Defence platforms.
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The partnership perfectly fits the government’s ‘Make in India’ and ‘Atmanirbhar Bharat’’ initiatives, in that it is the one that will give India technological autonomy in defence. By the establishment of this joint venture, the country will be able to see the returns not only in terms of strategic self‑reliance that is deepened but also domestic manufacturing base that is enhanced, innovation that is accelerated and employment that is generated across the defence‑industrial value chain.
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