Under the MoU, Nasmyth and PTC will collaborate to enhance capabilities to meet the requirements of Indian customers and execute projects focusing on developing casting, machining, assembly, and thermal precision engineering capabilities in India.
PTC Industries (‘PTC’) and Nasmyth have officially signed a Memorandum of Understanding (MoU) to collaborate and combine their capabilities to provide global solutions to defense and aerospace customers in India and beyond. This partnership aims to support India’s ‘Make in India’ Atamnirbhar Bharat program by leveraging the strengths of both companies. Under the MoU, Nasmyth and PTC will collaborate to enhance PTC’s capabilities to meet the requirements of Indian customers and effectively execute projects. The focus of this cooperation will be on developing casting, machining, assembly, and thermal precision engineering capabilities in India.
The strategic collaboration aligns with the objective of increasing capacity in the market and emphasizes a move towards vertically integrated supply chain solutions in India. This, in turn, provides global solutions to Original Equipment Manufacturers (OEMs) seeking suppliers to de-risk their current supply chains while presenting opportunities for capacity growth.
Tony Upton, CEO, Nasmyth said: “The Nasmyth Asia team based in our newly equipped facility in Bangalore are looking forward to working with the PTC team, assisting them with our engineering know-how on aerospace and aero-engine components. This MOU is a great opportunity for Nasmyth and PTC to offer new solutions to OEM’s through our collaboration in India.”
PTC, with its state-of-the-art manufacturing campus in Lucknow, is globally recognized as a leading supplier of high-precision metal components for critical operations in the aerospace and defense industries. The company is actively involved in various defense programs and major projects for both the Indian Government and international OEMs.
Nasmyth Asia’s new manufacturing facility in Bangalore complements the partnership by offering turnkey manufacturing and engineering solutions that exceed industry standards. Their services include bespoke machining, assembly, and system integration, providing a valuable contribution to the collaboration.
Sachin Agarwal, Managing Director, PTC Industries Limited said, “We are delighted to expand our collaboration with Nasmyth as we work together across numerous defence and aerospace projects in India and globally, especially for aero-engine and gas turbine engine applications.”
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This collaboration not only strengthens the partnership between Nasmyth and PTC but also contributes to the broader goals of supporting indigenous manufacturing and enhancing the capabilities of the aerospace and defense industries in India. The combined strengths of these two companies are poised to create impactful solutions, fostering growth and innovation within the sector.
Which industries will benefit from the collaboration between Nasmyth and PTC?
Answer- Defense and aerospace industries.
Where is Nasmyth Asia’s new manufacturing facility located?
Answer- Bangalore.
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