BEML firms up tie-ups with Czech, Japanese companies to indigenise tech
These planned units will be set up in its Make in India Park
BEML is firming up tie-ups with two foreign companies for setting up joint manufacturing facilities in India.
The company has also called for global expressions of interest (EoIs) for more tie-ups as part of its efforts to indigenise technology.
These planned units will be set up in its Make in India Park.
The tie-up with a Czech firm was for spare parts and the other with a Japanese firm was for propulsion. Tie-ups through the EoIs will be for products that complement BEML's existing products.
State-run Bharat Heavy Electricals (BHEL), too, is seeking tie-ups with foreign original equipment manufacturers (OEMs) for jointly setting up manufacturing facilities.
The advantage for foreign companies will be that no new land will be required to set up factories which could come on the land owned by BEML and BHEL.
As part of its indigenisation programme, BEML also does vendor development. It has about 1,700 vendors