The government-owned BEML Ltd. (formerly known as Bharat Earth Movers Ltd) announced that it has signed an agreement with Mazagon Dock Shipbuilders to develop technologies for the marine industry.
Mazagon Docks will provide facilities to BEML’s research team to facilitate developing, testing, and validating innovative technologies and systems. In exchange, according to the agreement, BEML will provide its technical support to design and manufacture strategic equipment especially suited for marine applications.
Both BEML and Mazagon Dock aim to drive innovation and deliver cutting-edge solutions in line with India’s Atmanirbhar Bharat vision and increase the country’s maritime capabilities. As per the company statement cited in the report, BEML plans to leverage the partnership with MDL to develop solutions for futuristic marine applications and expand its expertise in the marine sector.
Mazagon Dock Shipbuilders specialises in the construction of wardships and submarines for the Indian Navy, ships for the Indian Coast Guard, and other maritime platforms for commercial purposes.
BEML is a government-owned company under the Ministry of Defence that operates in three business segments, namely: construction and mining, railway and metro, and defence and aerospace.
