PTC Industries, Nasmyth forge aerospace and defence collaboration in India
PTC Industries, a leading name in precision metal components, and UK-based Nasmyth Group have signed a Memorandum of Understanding (MoU) for collaborative efforts in the defence and aerospace sectors. This partnership aims to leverage their combined capabilities to offer advanced solutions to customers in India and around the world.
Focus on ‘Make in India’ and Global Expansion
The MoU is a significant stride in support of India’s ‘Make in India’ and Atmanirbhar Bharat programmes. The collaboration is set to enhance PTC’s capabilities, enabling it to better meet Indian customer requirements and execute complex projects successfully. The partnership will concentrate on developing areas such as casting, machining, assembly, and thermal precision engineering within India.
New MoU between PTC Industries and Nasmyth Group to enhance ‘Make in India’ initiative
Boosting Capacity and Integrating Supply Chain Solutions
This joint effort signals a move towards vertically integrated supply chain solutions in the Indian market. It aims to increase market capacity and provide global solutions to Original Equipment Manufacturers (OEMs) seeking reliable suppliers to diversify and expand their supply chains.
PTC Industries’ Manufacturing Prowess and Global Outreach
PTC operates a state-of-the-art manufacturing campus in Lucknow and is recognized globally for supplying high-precision metal components for critical operations in aerospace and defence. The company is involved in various programmes for defence platforms across Land, Sea, and Air and collaborates with a growing number of global OEMs.
Nasmyth Group’s Engineering Expertise in Asia
Nasmyth Asia’s new manufacturing facility in Bangalore offers bespoke machining services, assembly, and system integration, adhering to the highest industry standards. This facility is poised to play a crucial role in the collaboration with PTC Industries.
Leaders’ Perspectives on the Collaboration
Tony Upton, CEO of Nasmyth, expressed enthusiasm about the partnership, “Our team in Bangalore is excited to work with PTC, bringing our engineering expertise in aerospace and aero-engine components. This MoU opens great opportunities for both Nasmyth and PTC to offer innovative solutions to OEMs through our collaboration in India.”
Sachin Agarwal, Managing Director of PTC Industries Limited, added, “We are thrilled to expand our collaboration with Nasmyth. Together, we will work on numerous defence and aerospace projects in India and globally, particularly for aero-engine and gas turbine engine applications.”
Impact on the Aerospace and Defence Industry
The PTC-Nasmyth partnership is set to significantly impact the aerospace and defence industry in India and globally. It aligns with the ‘Make in India’ initiative, aiming to transform India into a hub for high-quality manufacturing and engineering solutions in the defence and aerospace sectors.