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Lokesh Machines Limited entered into a Memorandum of Understanding with Advanced Manufacturing Technology Development Centre, IIT Madras on November 21, 2022, to develop critical technologies such as the Rotary Drive Unit for the Milling Head and Integrated Milling Spindle for 5-axis machine tools.
“The MOU calls for the development of critical technologies such as the Rotary Drive Unit for the Milling Head and the Integrated Milling Spindle, which will replace critical imported technologies required for the development of 5-axis machine tools.”indiainfoline.com
Summarized from public sources; check the original articles before acting on it.