Mumbai, Sep 4 (PTI) Marine equipment and spare parts supplier Maritronics India on Monday announced its foray into specialised equipment manufacturing for the defence sector.

The company, in a statement, said it is in the process of setting up its own manufacturing facility in Chennai, which is expected to start production in the next one year.

Also Read | Indian Institutions Developed Culture of Resolving Problems Through Dialogue, Says CJI DY Chandrachud.

This is a significant step towards reducing dependency on imports in the defence sector, which often get impacted owing to geopolitical uncertainties, it said.

To strengthen its manufacturing capabilities, the company has signed an initial pact with Goa Shipyard Ltd (GSL) to jointly develop and market navigation, communication, and automation equipment for marine vessels for the domestic defence market.

Also Read | Maharashtra Shocker: 20-Year-Old Woman Jumps to Death From 10-Storey Building Following TIFF With Husband in Thane's Dombivili.

"We are confident that the integrated communication and navigation systems developed by us will become a significant asset for the Indian Navy and the Coast Guard," Maritronics India Pvt Ltd Director Venkatesan N said.

The systems are expected to be manufactured locally in about a year's time, he added.

The company said it will be the first private company in the country to manufacture marine type-approved navigation and communication equipment like fiber optic gyroscope and integrated bridge system, which includes radars, ECDIS (Electronic Chart Displays and Information System) and conning displays for advanced navigation systems.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)