The Board of BEML (formerly Bharat Earth Movers Limited) in its 362nd meeting has given its approval for signing a Memorandum of Understanding (MoU) with MELCO to study and planning for initiating a joint venture (JV) company between BEML and MELCO. This approval is on the lines of invitation of BEML regarding Expression of Interest (EoI) for Manufacturing, Partnerships under “Make in India” policy.
The JV will be for manufacturing of certain propulsion systems and other railway electrical equipment utilised for electric multiple units for Indian Metro Rail Projects, Indian Railway Projects and other products.
BEML is seeking manufacturing and technology partnerships with reputed Original Equipment Manufacturers (OEMs) looking to establish and/or expand their supply chains in India for the manufacturing of various goods and services business in the areas of Defence & Aerospace, Rail & Metro, Mining & Construction, Engines and aggregates with the objective of Make in India. OEMs share their EOI to BEML Limited by e-mail at email@example.com up to 6th June 2020.
Mitsubishi Electric Corporation, MELCO, is the leading electrical manufacture of the railway vehicle equipment and systems in Japan.