MoU signed for establishing defence category industry
| Date :18-Aug-2020 |
MoU documents being exchanged by Principal Secretary Manoj Kumar Pingua and Atmastco Ltd MD S Swaminathan in the presence of Chief Minister Bhupesh Baghel and Industry
Minister Kawasi Lakhma.
Staff Reporter ;
RAIPUR,
Memorandum of Understanding (MoU) for establishing the first manufacturing unit of a Defence Category in Chhattisgarh was signed on Monday, in the presence of Chief Minister Bhupesh Baghel. This industrial unit will manufacture bullet-proof jackets and helmets for Army and Central Armed Police Forces as well as for State armed forces. The MoU was signed between Industry Department and M/s Atmastco Ltd., Durg for establishing the industrial unit for manufacturing defence equipments. Industry Minister Kawasi Lakhma was also present on the occasion.
This industrial unit for defence equipments will be coming up at Birebhant village in Durg district. Capital investment worth nearly Rs 87.50 crore will be done by the company. This industrial unit will generate employment for around 150 people. In the first phase, the industrial unit will manufacture one lakh bulletproof jackets and one lakh helmets. Chief Minister Bhupesh Baghel congratulated the officials of M/s Atmastco Ltd and Industry Department for the establishment of this unit.
The MoU was signed by Principal Secretary Manoj Kumar Pingua on behalf of Industry Department and by MD of M/s Atmastco Ltd S Swaminathan. Principal Secretary Pingua said that Defence category has been enlisted as the top-priority category in the new industrial policy of Chhattisgarh Government. MD of M/s Atmastco Ltd S Swaminathan informed that this unit will start production by the month of November 2020. M/s Atmastco Ltd, Durg has signed contract for Defence Technology under license and agreement with Government of India on March 25, 2019. Under this contract, permission for establishing this unit for production of Bulletproof Jackets and Helmets was issued on 5 May 2020.
Subsequent to the issuance of license by Government of India for establishing this industrial unit State Government had signed the MoU in the context. On this occasion, Chief Secretary R P Mandal, ACS Subrat Sahoo, Principal Secretary (Industries) Manoj Kumar Pingua, Secretary Siddharth Komal Pardeshi, Secretary (GAD) Dr Kamalpreet Singh, Director Industries Anil Tuteja, CSIDC Managing Director Arun Kumar, Commerce and Industry Special Secretary V K Chabalani, Investors of M/s Atmastco Ltd. S Swaminathan Director; Venkataraman, Vice President; K L Balasubramaniam were present. M/s Atmastco Limited, Durg is a reputed unit, which has been in operation for the past 35 years. The unit currently manufactures heavy fabrication such as bridges etc. and employs about 600 people.