Mr. Baba Kalyani, CMD, Bharat Forge Limited, Shri N. Chandrababu Naidu, CM, Andhra Pradesh, Shri Rajnath Singh, Defence Minister, Mr. Guru Biswal, CEO, Aerospace
Pune-based Bharat Forge has signed an MoU (memorandum of understanding) with the Government of Andhra Pradesh to set up India’s first private sector Marine Gas Turbine (MGT) repair, overhaul and development facility in Visakhapatnam.
To construct the project complex, 80 acres of land in the Andhra Pradesh Manufacturing Corridor will be utilised by Bharat Forge through its aerospace division.
The project MoU, signed in the presence of Defence Minister Rajnath Singh and Andhra Pradesh Chief Minister N Chandrababu Naidu at the Aerospace and Defence Investment Conclave in Puttaparthy, marks a major milestone in India’s strive for naval self-reliance.
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“The Visakhapatnam facility co-located with the Naval Dockyard, INS Eksila, and Eastern Naval Command Headquarters, will for the first time bring this critical propulsion sustainment capability into India’s private sector,” the company said in a statement.
The project development will be executed in phases, it said.
To construct the project complex, 80 acres of land in the Andhra Pradesh Manufacturing Corridor will be utilised by Bharat Forge through its aerospace division.
The project MoU, signed in the presence of Defence Minister Rajnath Singh and Andhra Pradesh Chief Minister N Chandrababu Naidu at the Aerospace and Defence Investment Conclave in Puttaparthy, marks a major milestone in India’s strive for naval self-reliance.
Read More:Rajnath Singh begins Vietnam, South Korea visit; focus on defence industrial ties
“The Visakhapatnam facility co-located with the Naval Dockyard, INS Eksila, and Eastern Naval Command Headquarters, will for the first time bring this critical propulsion sustainment capability into India’s private sector,” the company said in a statement.
The project development will be executed in phases, it said.
