New Delhi : Public sector firms, including BHEL, Instrumentation Ltd and HMT, have firmed up six MoUs with companies from Germany, Switzerland, Russia and Bulgaria for scaling up Indian manufacturing in high-tech areas, reports PTI.
The Memoranda of Understanding (MoU) were signed at an event organised by engineering exporters’ body EEPC India at the ongoing Hannover Messe fair in Germany.
Power equipment maker Bharat Heavy Electricals Ltd (BHEL) inked a pact with Russian Joint stock company INTMA for upcoming projects in Russia and Kazakhstan.
While Rajasthan Electronics & Instruments Ltd and Bulgaria-based Milkotronics Ltd signed an MoU to manufacture milk analyzers in India, Instrumentations Ltd and German firm KE Kauer Engineering inked an agreement for production of control valves.
Hindustan Machine Tools (HMT) inked pact with Switzerland-based Num Controls for manufacturing of CNC controls, systems and drives.
India is a partner country at the Hannover Messe 2015 fair, which was inaugurated by Prime Minister Narendra Modi and German Chancellor Angela Merkel.
DIPP Secretary Amitabh Kant said that investments are required to stabilise, augment and build a robust urban infrastructure and this is one of top agenda of India.
“One of the key challenges for India to grow at 9 to 10 per cent per annum is the challenge of urbanisation,” he said. According to a recent study, he said, India will have 700 million people getting in the process of urbanisation by 2050 and “therefore the challenge for India is to create two and a half Americas by 2050 and do it in a far more innovative and sustainable manner.”
