Sep 08, 2020, 11:00 EST
Bronx, United States, Sep 08, 2020, 11:00 /Comserve / -- BHEL was created in 1964 to help achieve self-sufficiency in the power sector. The company has stuck with its goal and has spanned the entire equipment manufacturing rage of power sector generation and transmission segments.
New Delhi, Sept. 5, 2020 -- BHEL was created in 1964 to help achieve self-sufficiency in the power sector. The company has stuck with its goal and has spanned the entire equipment manufacturing rage of power sector generation and transmission segments. These include coal, hydro, renewables, gas, and lignite.
BHEL has been responsible for taking several steps towards the vision of ‘AtmaNirbhar Bharat’. Some of these steps include inviting global manufacturing companies and providing them assistance to set up a manufacturing base in India. Apart from that, BHEL will also take up efforts towards the indigenization of the major imports. This will be done especially in the capital goods sector.
With progress in this direction, the company has also created a new business vertical called ‘Make in India (MII) Business Development Group’ in order to be able to focus on these activities. This new vertical will be given the responsibility of identifying various products that are currently being imported by both the company and the country. If BHEL can develop/manufacture these products, it will enhance opportunities for increased in-house manufacturing in the company. This vertical has been created to ensure full alignment of the company with the requirements of the country under the “AtmaNirbhar Bharat” scheme along with improving the capacity utilization across the company.
Several initiatives taken by the company in recent times will be brought together in line with the objectives of ‘Make in India, Make for the World’ and ‘AtmaNirbhar Bharat’. One such objective includes the in-house development and manufacturing of items that are currently being imported by the company. Another objective is to work with global Original Equipment Manufacturer (OEM) to manufacture products/sub-assemblies for India as well as for exports.
BHEL on Feb. 28, 2020, was adjudged the best PSE in HR Excellence & Reskilling of Employees, Research & Innovation, and Geo-Strategic Reach. This was done by an independent jury for the Governance Now PSU Awards 2020.
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