OxAir Pressure Vessels Manufacturing Pvt Ltd, an Australian engineering firm specializing in high-performance pressure vessels and gas systems, has signed a Memorandum of Understanding (MoU) with Sri City, an integrated business city and special economic zone in Andhra Pradesh. 

This partnership aims to expand OxAir's footprint in the Indian market and contribute to the region's advanced manufacturing ecosystem.

The MoU signing took place during an official visit by Ms. Silai Zaki, Consul-General of Australia, to Sri City. Her visit underscored the strengthening bilateral economic and industrial partnerships between India and Australia, with Sri City emerging as a key enabler for such engagements.

R. Shivasankar, Senior Vice President (Marketing) at Sri City, presented a comprehensive overview of Sri City's strategic advantages as a premier industrial hub, including its location, diverse sectoral presence, and social infrastructure. 

Ravindra Sannareddy, Founder Managing Director of Sri City, highlighted that over 240 companies from 31 countries operate within Sri City, making it a preferred destination for global investors. He also cited the success of existing Australian joint ventures like Venture Automotive Tooling India Pvt Ltd.