: Goa Shipyard Limited inks 10 MoUs at ‘Aero-India’ show #FinanceIndia #StockMarketNEWS #Business The aim is to boost government’s vision of ‘Atmanirbhar Bharat’ Vasco : The Goa Shipyard

@StockMarketNEWS Mon 20 Feb, 2023

Posted in: #FinanceIndia #StockMarketNEWS #Business

Goa Shipyard Limited inks 10 MoUs at ‘Aero-India’ show #FinanceIndia #StockMarketNEWS #Business
The aim is to boost government’s vision of ‘Atmanirbhar Bharat’

Vasco : The Goa Shipyard Limited (GSL) signed 10 memorandums of understanding (MoUs) with leading public/private firms during the Aero-India 2023, showcasing India’s growth in indigenous aerospace and defence capabilities, organised by department of defence production, ministry of defence from February 13-17 at Yelahanka, Bengaluru.

Prime minister Narendra Modi inaugurated the five-day event, which saw participation of 811 exhibitors and 98 countries, defence ministers of 32 countries and CEOs of 73 global and Indian defence manufacturers.

A delegation from Goa Shipyard Ltd., led by CMD Brajesh Kumar Upadhyay, attended the event at Bengaluru.

The major milestone of this edition of Aero-India was signing of MoUs worth Rs 80,000 crore. During the Bandhan ceremony held on February 15 and presided over by Raksha Mantri Rajnath Singh, the GSL signed 10 MoUs with leading public/private firms in line with government’s vision of ‘Make in India, Make for the World’.

The aim of these MoUs is to build indigenous capability in specialised fields of electronics, pneumatics, commercial shipbuilding and exports etc., which will further boost government’s vision of ‘Atmanirbhar Bharat’.

These MoUs have forged partnership with major firms like electronics behemoth BEL, Maritime Monitoring Group AS, Larsen & Toubro Limited, Maritronics India Pvt. Ltd., Smart Engineering & Design Solutions, Brolich Marine Electronic Engineering, Electro-Pneumatics & Hydraulics (India) Pvt. Ltd, PT Aaron Jaya Internasional, Indonesia etc., in the field of niche technologies and for promoting exports.