With an aim to contribute towards AtmaNirbhar Bharat vision of Prime Minister Narendra Modi, Bharat Heavy Electricals Limited (BHEL), country’s largest power generation equipment manufacturer, has recently set up a new business vertical called ‘Make in India (MII) Business Development Group’.
The objective of setting up of this vertical is to identify products currently being imported by the company itself as well as the country, which can be developed or manufactured by BHEL within the country.
Additionally, this responsibility of MII Business Development Group will be to identify opportunities for increased in-house manufacturing in the company.
The company will also work with global Original Equipment Manufacturers (OEMs) for ‘Make in India, Make for the World’.
BHEL said in a statement that, “this effort is aimed at ensuring full alignment of the company with the demands of the country under AtmaNirbhar Bharat and at the same time improving the capacity utilisation across the company.”
“This initiative is expected to significantly strengthen BHEL’s ongoing efforts to contribute to the AtmaNirbhar Bharat movement,” it added.
Besides, the company has already taken number of steps towards AtmaNirbhar Bharat vision including floating an Expression of Interest (EoI) inviting global manufacturing companies to leverage on its facilities and capabilities to set up a manufacturing base in India as well as take up efforts towards indigenisation of the major imports especially in the capital goods sector.
The company was set up in 1964 with the objective of achieving self-sufficiency in the power sector. Since then, it has expended the entire equipment manufacturing range of the power sector generation (coal, gas, lignite, hydro, nuclear, renewables) and transmission segments.
BHEL supplied equipment contributes to more than 50 per cent of the power generated in the country. Over the years, the company has diversified into a range of engineering and manufacturing activities for the core sectors of the economy including for transportation, defence, aerospace, water, oil & gas, etc., and has been a leader in indigenous manufacturing in the country.
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