PTC Industries Limited and Hindustan Aeronautics Limited (HAL) ­ Accessories Division, Lucknow announced that they have signed a Memorandum of Understanding (MoU) for cooperation for Indigenization of various Aviation Grade Raw Materials (Titanium & Nickel Base Super Alloys, Special Steels), Components, Spares, Sub ­ assemblies & LRUs of Aircrafts & Helicopters being built by HAL. The MoU will also ensure that with the individual strong capabilities of HAL, Lucknow and PTC Industries Limited, a synergy can be created for Indigenization of various critical components, spares, sub ­ assemblies and LRUs for different Engines, Aircrafts & Helicopters programs of HAL in support of the "Make in India" and "Atmanirbhar Bharat" Programme. The purpose of this collaboration of both the parties in this MoU is mainly to share the expertise & capabilities of both parties relating to the needs of Aerospace Sector focusing Indigenization of spares, components, SRUs/LRUs with larger perspective of making India ATMANIRBHAR in Aerospace Sector.