PTC Industries has signed a Memorandum of Understanding (MoU) with Bharat Dynamics to establish a Joint Venture Company dedicated to the design, development and manufacture of complete propulsion systems, guided bombs, and aero-engines for missiles, UAVs and loitering munitions, subject to requisite regulatory approvals.
This collaboration will propel the ‘Make in India’ initiative by reducing dependence on foreign suppliers and enhancing domestic propulsion manufacturing capabilities including liquid and solid rocket motors, ramjet and turbojet engines for UAVs and drones. It will also leverage the company’s strengths in manufacturing of components for defence equipment and critical materials for missiles, munitions, turbo aero engines and subsystems for Defence and Aerospace platforms to create an integrated, India-based design-to-delivery pathway for strategic propulsion and engine technologies.
PTC Industries is a leading Indian manufacturer of precision metal components for critical applications for over 60 years.
