PTC Industries and Nasmyth (UK) have signed a Memorandum of Understanding (MoU) for collaboration to leverage their capabilities for offering 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’ Atmanirbhar Bharat programme. 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.
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 OEMs looking for suppliers to de-risk their current supply chains while providing capacity growth opportunities.
Incorporated in 1963, PTC Industries is a manufacturer of high-quality engineering components for various critical and super-critical applications.
