It was an era when India had to depend heavily on engineering imports to service its economy. The need of the hour was self-reliance, especially after independence.Realizing this, Mr. B. B. Lahiri, then a young, energetic engineer, envisioned developing machines with a total indigenous know-how and material. To give his dream a concrete shape, Mr. Lahiri thoroughly trained himself in U.K. and Switzerland. He gathered first hand experience in reputed organizations like Bird Co. and IISCO on his return.Finally in 1962, his dream become a reality in the form of Plant & Equipment Engineering Company (PEECO) in Howrah, West Bengal - a company developing world class hydraulic machines with complete indigenous technology.