You are here: Home » PTI Stories » National » News
Business Standard

Adani Defence-Punj Lloyd-Rave Gears join hands to make

Press Trust of India  |  Chennai 

Defence and Aerospace, part of the diversified conglomerate Group, today said it is collaborating with and US-based to manufacture

Announcing the tie-up during the ongoing DefExpo, organised by the Defence ministry at Thiruvadanthai, about 40 km from here, Defence and Ashish Rajvanshi, said the tripartite agreement would leverage on the strengths of the three companies.

Declining to elaborate about the partnership, he said "we are collaborating together to manufacture high-end in "

The companies would evaluate options of floating a new company under the agreement over the coming months, he said.

"The collaboration intends to manufacture gears and assemblies mainly for rotary platforms, currently under production in India," Rajvanshi told reporters.

The collaboration will evaluate for setting up a in and also look for exporting to global original equipment manufacturers (OEMs), he said.

"The agreement furthers the indigenisation agenda under Make in programme and will bring state-of-the-art technology to the country," he said.

Commenting on the partnership, CEO, Nick Patel, said, "It is an opportunity for Rave to do what its best at; to offer technology which led Rave to conquer market in three years."

"We at Rave are excited at the immense potential that offers from this collaboration," he said.

Punj Lloyd, Manufacturing Business President, Ashok Wadhawan, said the collaboration will enable India achieve indigenisation in one of the most critical components in rotary platforms.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 11 2018. 18:25 IST