Indian Navy Signs MoU with BEML Ltd. to Boost Indigenous Marine Engineering
| Aspect | Details |
|---|---|
| Event | Signing of Memorandum of Understanding (MoU) between Indian Navy and BEML Ltd. |
| Date | August 20, 2024 |
| Location | Naval Headquarters, New Delhi |
| Parties Involved | Rear Admiral K Srinivas, ACOM(D&R), Indian Navy, and Shri Ajit Kumar Srivastav, Director of Defence, BEML |
| Objective | To enhance self-reliance in defence production, reduce dependence on foreign OEMs, and bolster indigenous marine engineering capabilities. |
| Focus Areas | Indigenous Design, Development, Manufacture, Testing, and Product Support of critical marine equipment and systems. |
| Key Initiative | Aligns with the Government of India's Aatmanirbhar Bharat initiative. |
| Expected Impact | Enhancement of Indian Navy's operational capabilities, equipping current and future naval projects with state-of-the-art, domestically produced technology. |
| Long-Term Vision | Strengthen long-term defence infrastructure and ensure enduring and reliable solutions for India's maritime assets. |