India’s largest ecosystem in aerospace precision engineering and manufacturing company, Aequs has announced that it will open a high-end multi capability aerospace and defence manufacturing facility in Tuem, Goa.
An initial investment of Rs 500 crores is being made towards the establishment of the new facility towards development of physical infrastructure, plant, machinery and equipment.
“The new facility in Tuem, Goa is a sign of our commitment towards the Indian Defence sector. The sector relies heavily on imported equipment and technology. With the new facility, we aim to support the ‘Make in India’ initiative for one of the most critical sectors in the country,” said Aravind Melligeri, Chairman and CEO, Aequs.
“Our strategy will also see technology transfers from aerospace giants around the globe, adding further to our manufacturing capabilities besides generating employment to close to 2000 people,” he adds.
The new facility is strategically located at the Industrial cluster (EMC) Tuem, Goa and will manufacture high-end components & systems for aerospace and defence sector and support the ‘Make in India’ initiative.
Aequs, which entered the defence manufacturing business in 2013 and has been working with HAL on machined structural parts for various platforms, including Light Combat Aircraft, Sukhoi 30MKI, ALH, among others.