Indian auto component makers to help drive localisation of parts for aerospace and defence sector
A new platform would constitute PSUs who would get on board MSME suppliers from the auto component industry to improve localisation of parts for the aerospace and defence sectors.
A new platform is set to be created by June for identifying and implementing the Make in India programme for the aerospace and defence sectors.
Manohar Parriker, Union defence minister, made this announcement at the second aerospace and defence summit 'Indian auto component industry - Make in India for Aerospace and Defence’ in Delhi today.
He said the platform would constitute public sector undertakings who would get on board MSME suppliers from the auto component industry to improve localisation of parts for the aerospace and defence sectors.
The Defence Ministry would also form part of this platform and together they would work out the right mechanism to implement it to ensure proper production and quality of products.
Parriker pointed out that while volumes from the Defence sector may be limited, the suppliers would be better paid for the orders compared to the automotive sector.
RELATED ARTICLES
Continental exits TBR market in India, shifts focus to car and SUV radials
German tyre manufacturer aims to tap the double-digit market growth opportunity for big SUV and luxury car tyres which w...
New ZF SELECT e-drive platform gives EV makers a choice in 100 to 300 kW range
Modular e-drive platform optimally matches 800-volt overall system and components such as the electric motor and power e...
Daimler India CV and BharatBenz deliver 200,000th truck
Daimler India Commercial Vehicles' portfolio includes truck models ranging from 10 to 55 tonnes for a wide variety of ap...