POWER

BHEL invites global OEMs to leverage its facilities

Bharat Heavy Electricals Ltd (BHEL) said on Monday it has floated an expression of interest inviting global companies to partner with and leverage its facilities for setting up manufacturing bases in the country.

The Maharatna Central public sector enterprise under the Department of Heavy Industries said the ongoing economic disruption across the world due to COVID-19 has highlighted the dangers of manufacturing activities being concentrated in a single location.

The need for diversification of supply chains and manufacturing has thrown up a huge opportunity for India which is one of the fastest-growing economies of the world and an attractive investment destination with strong democratic governance, a well-established judicial system, young workforce, one of the largest domestic markets and favourable investment policies.

BHEL said its facilities and capabilities along with its tie-ups put it in a strong position to support any international company in setting up a base in India.

Source
ET Energy World
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