Thursday, 16 February 2017

Aequs setting up Rs 500 cr aerospace facility in Goa

Leading aerospace precision engineering firm Aequs would invest Rs 500 crore to set up a dedicated manufacturing facility at Tuem in Goa for the Indian defence sector, said a top company official here on Thursday. "Our new facility will make high-end components and systems for the Indian defence industry and support the government's 'Make in India' initiative," said Aequs Chief Executive Officer Aravind Melligeri at the Aero India 2017 expo here.

As a tier-1 supplier of aerospace components to Indian and global majors, Aequs has a $100 million (Rs.667 crore) machining facility in its 250-acre Special Economic Zone (SEZ) at Belagavi, about 500 km away from here.

The Belagavi facility makes titanium machined parts for the A-320 new engine programme of the global aerospace major Airbus SAS.

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