Thursday, 8 May 2014

Pipavav Defence to set up facility for missiles, torpedoes in Hyderabad: Report

Pipavav Defence and Offshore Engineering is reportedly planning to set up main system integration facility for manufacturing missiles and torpedoes in Hyderabad. The company, which was the first private firm in India to get a licence to build warships, has already firmed up strategic partnerships for missile and torpedo making under the Ministry of Defence’s Make-and-Buy programme.
The company is also planning to tie-up with local firms in and around Hyderabad working in the sub-system design and manufacture of missile and torpedo parts.
Pipavav Defence and Offshore Engineering Company is engaged in defence, offshore, marine and engineering sectors. The company has two units, one special economic zone (SEZ) unit spread over around 95 hectares of land and another export oriented unit (EOU) spread over around 103.92 hectares of land.

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