PTC gets clearance certificate of critical On-line Fittings (OLFs) for defence applications
Defence Minister Rajnath Singh has inaugurated Aerolloy Technologies facility, making it the first operationalised private sector defence manufacturing facility in Uttar Pradesh Defence Industrial Corridor (UPDIC) at Lucknow, saying it will significantly reduce the country’s dependence on imports for all platforms which require Titanium and Nickel Super Alloys.
The Minister laid the foundation stone on 13 Nov 2021 for an integrated Metal Manufacturing Facility under PTC Industries Limited that will produce key Raw Materials in Titanium and other Exotic Alloys for aerospace applications.
“This plant will significantly reduce the country’s dependence on imports for all platforms which require Titanium and Nickel Super Alloys,” said Singh.
He termed the inauguration of Aerolloy as an example of the strong public-private partnership.
Aerolloy is a wholly-owned subsidiary of PTC Industries and will manufacture parts of aircraft engines, helicopter engines, structural parts of aircrafts, drones and UAV, submarines, ultra-light artillery guns, space launch vehicles and strategy systems among others.
Singh applauded PTC Industries as an example of how in today’s competitive environment a company can be successful through adoption of technology and said that the two units will prove to be major milestones in the path of self-reliance in defence in the times to come.
Singh also highlighted that PTC have recently received the clearance certificate of critical On-line Fittings (OLFs) for defence applications from Ministry of Defence. PTC supplies products to renowned companies in India and abroad, contributing to the Government’s vision of transforming India into a net defence exporter.
The Minister emphasised the need for continuous modernisation of Armed Forces in the rapidly changing global security environment and said that the public and private sectors, academia and research & development organisations provide solutions to these problems.
“The Indian defence industry has the potential to develop quality and cost-effective equipment which will not only bolster national security, but export the military hardware to the world. Companies like PTC Industries Limited can play an important role in this,” he said.
Reaffirming the Government’s resolve of ‘Make in India and Make for the World’, Singh listed out a series of measures undertaken to achieve self reliance in defence, including earmarking around 64% of its modernisation funds under capital acquisition budget for 2021-22 for procurement from domestic companies, notifying two positive lists of over 200 items to increase exports and Defence Acquisition Procedure 2020, setting up of Defence Industrial Corridors in UP and Tamil Nadu, free Transfer of Technology of DRDO and Innovation for Defence Excellence (iDEX) initiative.
“We have opened up opportunities to build a Mega Defence Programme, including fighter aircraft, helicopters, tanks and submarines through a strategic partnership model which will help our private companies grow in stature and become global giants in the times to come,” said Singh.
“Recently, a Rs.22,000 crore contract was signed for transport plane ‘C-295’. Most of these planes will be made in India in collaboration with our industry,” he pointed out.
Singh also highlighted the Government initiatives, resulting in an increase in the number of contracts being awarded to the indigenous defence industry. This includes the recent LCA Tejas contract of about Rs.50,000 crore given to Hindustan Aeronautics Limited.
He stressed that from prioritising procurement from Indian-IDMM (Indigenously Designed, Developed and Manufactured) categories to supporting R&D, the Government is striving to harness technology through active engagement with industry, academia, technology providers, equipment manufacturers, quality controllers etc.
The Minister underlined that steps taken by the Government have started to bear fruit. “In the last seven years, our defence exports have crossed the mark of Rs.38,000 crore and more than 10,000 SMEs have joined in the defence sector. Research & development, startup, innovation and employment has also increased as a result of these policies.” #exports #manufacturing #investment #technology /fiinews.com
