The motive behind the development is to further promote ‘Make in India’ and support international companies for setting up manufacturing in the country
May 04, 2020. By News Bureau
The current COVID-19 crisis has raised the wakeup call for global economies to expand the manufacturing activities, which are focused in a single location from a long time.
Thus, the situation has thrown up the need in front of global Original Equipment Manufacturers (OEMs), which are largely in China and other countries, to expand their supply chains and manufacturing activities from a specific location.
This has opened up large prospects for India, which is one of the fastest-growing economies of the world and an attractive investment destination.
Now, India, which is a home of a large number of the young workforce and having one of the largest domestic markets, is also looking to tap such opportunity and invited global OEM companies to set up their manufacturing base and capabilities under ‘Make in India’ initiative.
In line with this, state-owned Bharat Heavy Electricals Ltd (BHEL) has announced that it has floated an Expression of Interest (EOI) inviting global companies to partner with it and leverage its facilities and capabilities for setting up a manufacturing base in India.
The motive behind the development is to further promote ‘Make in India’ and support international companies for setting up manufacturing in the country.
The company, which is a Maharatna Central Public Sector Undertaking (CPSE) under the Department of Heavy Industries, has 16 manufacturing factories set up in India across various locations.
BHEL said that it has a substantial land bank as well as extensive built-up industrial & commercial (C&I) and residential spaces.
Further, the company’s 16 Centres of Excellence (CoEs) vast areas include – computational fluid dynamics, intelligent machines & robotics, machine dynamics, Nanotechnology, power electronics, ultra-high voltage, advanced transmission, control & instrumentation, surface engineering, coal research, advance fabrication technology, etc. and 5 specialized research centers on – welding research, ceramic research, electric traction, pollution control etc.
Additionally, BHEL’s manpower strength comprised of about 34,000 including 9,000 engineers with qualifications and experience in cutting edge technologies.
Besides, the power generation equipment manufacturer company already has ongoing technology partnerships with some of the major global manufacturing and engineering companies as well as relationships with leading national laboratories and institutions, BHEL said.
Thus, BHEL wants to guarantee global OEMs that these facilities and capabilities along with its tie-ups put the New Delhi based engineering and manufacturing company in a strong position to support any international company, in setting up a base in India and taking forward the vision of the Prime Minister of India.
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