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GSL to locally produce MTU brand marine engines in India

Press Trust of India  |  Chennai 

(GSL) would commence of Series 8,000 marine engines under the agreement signed with India, a top said here today.

GSL, Chairman and Managing Director, NM, India, Director and CEO, formally exchanged documents at the ongoing 'DefExpo' formally inaugurated by at Thiruvidanthai about 40kms from here.

As per the agreement, the companies will produce 16 cylinder and 20-cylinder MTU Series marine engines at the GSL's upcoming facility in Goa.

"We will be setting up a at Goa. Investments will be around Rs 100 crore. It is for the first time in we are going to make marine engines under MTU brand," Mital told in an interaction.

"The agreement with MTU includes transfer of technology related to local manufacture of engine components, assembly, testing and major overhauls," he said, adding life time support for the engines will be provided by GSL as per the agreement.

To a query, Mital said, the local content of the marine engines that will be produced at the facility would be 20 per cent initially and the company would increase it to 45 per cent over the next five years.

MTU Series 8000 engines are the largest and most powerful diesel engines with output of upto 10MW, Mohan said.

According to him, the agreement with GSL is a significant milestone and reinforces the company's commitment towards the Centre's 'Make in India' campaign.

"We have been working with the Indian defence sector for several decades and our well-proven MTU engines propel and power many vessels of and Navy," he noted.

The MTU Series 8000 engines come with low overall operating costs, high power density and environmental compatibility, he said.

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

First Published: Thu, April 12 2018. 19:05 IST
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