Moneycontrol PRO
HomeNewsBusinessRolls-Royce inks pact with Azad Engineering to make defence aero-engine components in India

Rolls-Royce inks pact with Azad Engineering to make defence aero-engine components in India

Under the long-term agreement, Hyderabad-based Azad Engineering will manufacture and supply complex components for defence aircraft engines and thus join the global supply chain for complex category components for Rolls-Royce's technologically advanced aero-engines, the company said in a statement.

January 29, 2024 / 17:52 IST
Rolls-Royce inks pact with Azad Engineering to make defence aero-engine components in India

Power and propulsion solutions provider Rolls-Royce on Monday said it has signed an agreement with Azad Engineering for making complex defence aero-engine components in India. Under the long-term agreement, Hyderabad-based Azad Engineering will manufacture and supply complex components for defence aircraft engines and thus join the global supply chain for complex category components for Rolls-Royce's technologically advanced aero-engines, the company said in a statement.

"Strong collaboration has been at the heart of Rolls-Royce's journey of success in India. As we work towards strengthening the defence ecosystem, we are happy to expand our supply chain in India in partnership with Azad Engineering," Rolls-Royce Executive Vice President Business Development and Future Programmes and Head of Global Networks, Alex Zino, said. The sourcing of complex components from India for aero-engine programmes further advances the goal of capability creation in the country, he added.

Azad Engineering Founder and CEO, Rakesh Chopdar said, "Bringing these critical components to India not only showcases the capabilities of Azad Engineering, but also represents a pivotal moment for India's aerospace and defence industry, demonstrating the country's growing prowess in advanced manufacturing." Rolls-Royce said its ecosystem in India encompasses strategic local partnerships, joint ventures, robust supply chain, rich talent pool, engineering capability, digital solutions and service delivery capabilities.

 

PTI
first published: Jan 29, 2024 05:52 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347