BHEL invites Global OEMs to use its facilities
Published: May 05, 2020
By TIOLCORPLAWS News Service
NEW DELHI, MAY 05, 2020: GOVERMENT run, India's largest power generation equipment manufacturer BHEL, a Maharatna, yesterday has has floated an Expression of Interest, inviting global companies to partner with it and leverage its facilities and capabilities for setting up a manufacturing base in the country. BHEL has 16 state-of-the-art manufacturing facilities spread across the country with substantial land bank as well as extensive built up industrial and residential spaces. This step has been taken in order to further promote Make in India and support international companies for setting up manufacturing in India.
The ongoing economic disruption across the world, due to Covid-19 has highlighted the dangers of manufacturing activities being concentrated in a single location and thrown up the need for diversification of supply chains and manufacturing. This has thrown up a huge opportunity for India, one of the fastest growing economies of the world and an attractive investment destination which offers strong democratic governance, a well-established judicial system, a young work force, one of the largest domestic markets and favourable investment policies.