New Delhi. 10 January 2024. PTC Industries (‘PTC’) and Nasmyth are pleased to announce that they have signed a Memorandum of Understanding (MoU) for collaboration to leverage their capabilities for offering global solutions to defence and aerospace customers in India and globally.
The MOU will see Nasmyth and PTC work together in support of the ‘Make in India’ Atamnirbhar Bharat programme leveraging each other’s capabilities. This cooperation will help PTC expand its capabilities to better support Indian customer requirements and successfully execute those projects. The partnership will focus on developing casting, machining, assembly, and thermal precision engineering capabilities in India.
Nasmyth Asia’s new manufacturing facility in Bangalore, offers turnkey manufacturing and engineering solutions that exceed the highest industry standards offering bespoke machining services including assembly and system integration.
Signing the MOU, Tony Upton, CEO of Nasmyth said, “The Nasmyth Asia team based in our newly equipped facility in Bangalore are looking forward to working with the PTC team, assisting them with our engineering know-how on aerospace and aero-engine components. This MOU is a great opportunity for Nasmyth and PTC to offer new solutions to OEM’s through our collaboration in India.”The collaboration will help to increase capacity in the market, signal a move towards vertically integrated supply chain solutions in India and in turn provide global solutions to OEM’s looking for suppliers to de-risk their current supply chains while providing capacity growth opportunities.
Sachin Agarwal, Managing Director of PTC Industries Limited added, “We are delighted to expand our collaboration with Nasmyth as we work together across numerous defence and aerospace projects in India and globally, especially for aero-engine and gas turbine engine applications.”
PTC has a state-of-the-art manufacturing campus in Lucknow and is one of the world’s leading suppliers of high-precision metal components for critical and super-critical operations across the aerospace and defence industries. PTC is currently participating in various programmes requiring components, sub-assemblies and assemblies for various defence Land, Sea and Air platforms and is also working on a number of major projects for the Indian Government and for a growing number of global OEM’s.
