Top Indian PSUs forge deals with German, Swiss, Russian firms at Hannover Fair
Leading Indian public sector firms, including BHEL, Instrumentation Ltd and HMT have firmed up as many as six MoUs with top global companies from Germany, Switzerland, Russia and Bulgaria for scaling up Indian manufacturing in high-tech areas such as precision instrumentation and engineering solutions at the ongoing Hannover Messe, one of the world’s most prestigious engineering and technology fairs.
These Memoranda of Understanding were signed at a special event, organised by the EEPC India, the country’s apex engineering organisation and mandated as the lead agency for India’s participation as Partner Country at the Hannover Fair.
The MoUs, signed by companies under Department of Heavy Industries, included tie-ups between BHEL and Russian Joint Stock Company, INTMA for upcoming projects in Russia and Kazakhstan, REIL and Milkotronics Ltd., Bulgaria for manufacturing milk analysers in India, Instrumentations Ltd and KE Kauer Engineering, Germany for control valves. Besides three MoUs were signed by HMT with Num Controls, Switzerland for CNC controls, systems and drives; FT Machine Tools, Germany for flow forming machines and EnitGmbH, Germany for total engineering solutions
Addressing ‘ Make in India: Opportunities in Electronics and Electricals segment”, organised by EEPC India, Secretary in the Department of Heavy Industry, on the second functional day of Fair, Mr Rajan Katoch, made some of the important announcements including USD 250 million R & D project to develop Advanced Ultra Super Critical Technology for power generation.
In a panel discussion on the topic- “Potential for partnership and growth- Electricals”, Mr Katoch, announced a scheme for promotion of Hybrid and Electrical Vehicles in India. The scheme will promote necessary technology, demand and charging infrastructure.
He also informed that the German industry has opportunities to participate in India’s plan for creation of about 100,000 MW generation capacity in the short term. Vision 2022 for the Indian electrical equipment industry is to make India the country of choice for production of electrical equipment and reach an output of US$ 100 billion by balancing exports and imports.
Mr R S Sharma, Secretary, Department of Electronics & Information Technology also addressed the same seminar as a keynote speaker. “India intends to cater to the large market through potential collaborations with major German players and government’s initiatives such as the ambitious ‘Digital India’ program to bring about good governance in the IT sector”, he said.
EEPC India, jointly with Department of Electronics & IT and Department of Heavy Industry under the Government of India and ZVEI (German Electrical and Electronics Manufacturers Association) organized the seminar to discuss avenues to increase industry competitiveness through technology up-gradation and skill development, while focusing on enhancement of domestic manufacturing capabilities through joint ventures and technical collaboration.