PTC Industries and Kineco Aerospace Sign MoU for Advanced Components
PTC Industries and Kineco Aerospace & Defence have signed a strategic MoU to enhance India’s aerospace manufacturing by developing next-generation components for civil, defense, and space sectors. This partnership leverages PTC’s expertise in high-integrity metallics, including titanium, and Kineco’s advanced composites, aiming to reduce reliance on imports and strengthen India’s position in the global aerospace supply chain, valued at $700 billion. Their collaboration supports key programs like the AMCA, LCH, and ISRO missions, emphasizing Aatmanirbhar Bharat. Overall, this initiative not only boosts domestic production capabilities but also enhances export potential, positioning India as a competitive player in the aerospace market.