India News | CDS Visits Pune to Review Defence Industry Growth
Get latest articles and stories on India at LatestLY. In a significant display of support for India's manufacturing growth, Chief of Defence Staff General Anil Chauhan visited the NIBE Group of Companies in Chakan, Pune on Wednesday.
Pune (Maharashtra) [India], November 6 (ANI): In a significant display of support for India's manufacturing growth, Chief of Defence Staff General Anil Chauhan on Wednesday visited the industrial units in Pune including the NIBE Group of Companies in.
This momentous occasion showcased the country's commitment to self-reliance in defence production. Industry leaders, including L&T, Thales, BSE, and Centum Electronics, attended the event to show their support, alongside cadets from NCC and Engineering students, a NIBE group statement said.
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The key highlights of the event: Exhibition of MSMEs and Start-ups: Over 30 innovative MSMEs and start-ups displayed their cutting-edge solutions, followed by a meet and greet with General Anil Chauhan.
Tribute to Chhatrapati Shivaji Maharaj: The event featured the unveiling of the Gate of Raigad Fort, paying homage to the legendary leader.
Capability Showcase of Missiles & Small Arms Complex: NIBE Group showcased its latest state-of-the-art complex, demonstrating its advanced capabilities in defence manufacturing.
The address by CDS: General Anil Chauhan emphasized the importance of transformation in the defence sector, reflecting on the need for evolution and the notion of Survival-of-the-Fittest by referencing Charles Darwin, Newton, and the Bhagvad Geeta.
Strategic Partnerships:- TOT Agreements with DRDO: NIBE Group signed various Technology Transfer (TOT) agreements with the Defence Research and Development Organisation (DRDO) to enhance indigenous defence capabilities; such as Anti-terrorist Vehicle (ATV), OPX Revelator, Laser Photo-acoustic spectroscopy, 70T tank transporter, and Shelter.
MOU with Sig Sauer (USA): NIBE Group entered into a Memorandum of Understanding(MOU) with Sig Sauer, a world-renowned firearms manufacturing company from theUSA to establish a joint venture (JV) in India.
The JV will focus on the indigenous manufacturing of small arms, aligning with India's growing defence and manufacturing capabilities. This partnership aims to enhance local production while reducing dependency on foreign imports, read the statement.
MOU with HBE (South Korea): NIBE Group also signed an MOU with HBE, a South Korean defence firm, to set up a state-of-the-art Forging facility in India.
This collaboration will bolster India's manufacturing capacity by leveraging advanced Forgingtechnologies, contributing to the production of high-quality components for the defence and aerospace sectors, such as in Ammunition and Aeronautics, it added.
These strategic moves reflect a commitment to advancing India's defence manufacturingcapabilities and fostering long-term economic growth through technology transfer, local production, and enhanced supply chain integration, read the statement.
The partnerships and initiatives highlighted today underscore NIBE Group's commitment tocontributing to India's defence excellence and self-reliance, aligning with the government's vision of "Atma Nirbhar Bharat". General Anil Chauhan's visit reinforces the importance of collaboration between the defence sector and Indian industries.
Balakrishnan Swamy, the CEO of the NIBE Group shed light on the future expansion plans of the company, saying "NIBE's singular focus is on contributing to India's ambition of becoming a global leader in defence and security. India's defence sector is undergoing a monumental shift, and NIBE is strategically venturing into various domains focusing on cutting-edge technology and manufacturing, such as in Small Arms, Ammunition, Space, and Maritime."
The Chairman and Managing Director of NIBE Group, Ganesh Nibe, emphasized on the role of collaboration in the defence ecosystem, and the nurturing of the next generation, to achieve the vision, saying "Inspired by Chhatrapati Shivaji Maharaj's leadership, NIBE aims to safeguard India's interests and transform the country into a global manufacturing and technological powerhouse. To achieve this, we recognize the critical role MSMEs and start-ups play in driving innovation and growth, providing platforms for these entrepreneurs to thrive through events like the MSME Expo today and the Maharashtra MSME Defence Expo in February. NIBE also nurtures the next generation of innovators through strategic partnerships with engineering colleges and universities, offering internships to students. Our goal remains fostering self- reliance in defense, aligning with Atmanirbhar Bharat's vision, ensuring India's defense forces (ANI)
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