PTC Industries signs MoU with Safran Aircraft Engines

The organisations will identify and develop opportunities for cooperation and partnership on various fronts to meet the anticipated requirements of the military and aerospace sectors PTC Industries and Safran Aircraft Engines have signed a Memorandum of Understanding (MoU) to explore opportunities for strategic business cooperation to leverage the complementary talents, technologies and capabilities of both Parties and support development of a robust domestic Defence and Civil Aerospace ecosystem and supply chain in India, consistent with the goals of the Government of India’s ‘Make in India’ initiative.The organisations will identify and develop opportunities for cooperation and partnership on various fronts to meet the anticipated requirements of the military and aerospace sectors. Through this MoU, PTC and SAE shall discuss and assess the business opportunities for a broader scope of collaboration in the design, development, manufacture, maintenance, training, and upgrade of high-thrust aero engines.Incorporated in 1963, PTC Industries is a manufacturer of high-quality engineering components for various critical and super-critical applications.