The ongoing economic disruption across the world, due to Covid-19 has highlighted the dangers of manufacturing activities being concentrated in a single location and thrown up the need for diversification of supply chains and manufacturing. This has thrown up a huge opportunity for India – one of the fastest growing economies of the world and an attractive investment destination which offers strong democratic governance, a well-established judicial system, a young workforce, one of the largest domestic markets and favourable investment policies.
Bharat Heavy Electricals Ltd, India’s largest engineering and manufacturing enterprise in the energy-related/infrastructure sector has invited coronavirus-hit international companies to set up their manufacturing facilities in the country.
“In order to further promote Make in India and support international companies for setting up manufacturing in India, BHEL 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 the country,” the company said in a press release.
“BHEL, a Maharatna CPSE under the Department of Heavy Industries, has 16 state-of-the-art manufacturing facilities spread across the country with substantial land bank as well as extensive built up industrial/ commercial and residential spaces. It’s manpower strength of about 34,000 includes 9,000 engineers with qualifications and experience in cutting edge technologies. It has 16 Centres of Excellence (CoEs) in varied areas such as Computational Fluid Dynamics, Intelligent Machines & Robotics, Machine Dynamics, Nano Technology, Power Electronics, Ultra High Voltage, Advanced Transmission, Control & Instrumentation, Surface Engineering, Coal Research, Advance Fabrication Technology, etc. and 5 Specialised Research Centers – Welding Research, Ceramic Research, Electric Traction, Pollution Control etc. It has ongoing technology partnerships with some of the major global manufacturing and engineering companies as well as relationships with leading national laboratories & institutions,” it added.
BHEL said that the company is ready to provide all necessary support to international companies in order to help them establish in India. The company said, “These facilities & capabilities along with its tie ups put BHEL in a strong position to support any international company, in setting up a base in India and taking forward the vision of our Hon’ble Prime Minister.”
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