Aequs Aerospace has opened a new aerospace machining facility at its special economic zone (SEZ) in Belagavi, in the Indian state of Karnataka.
The facility strengthens Aequs’ position in the market and the largest supplier to Airbus for aerospace machined components and sub-assemblies in the country.
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Said to be one of the largest machining facilities in India, the plant has the capacity for 150 advanced CNC machines.
Aequs chairman and CEO Aravind Melligeri said: "This aerospace machining facility underscores our commitment to the global aerospace industry and Airbus Group.
"Airbus has been a key customer for Aequs and I am confident that this new facility will further benefit Airbus’ global aerospace supply chain."
Over the next five years, Aequs plans to invest $50m at this facility, which is expected to create more than 1,000 jobs.
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By GlobalDataIndia Defence Minister Manohar Parrikar said: "There is great opportunity in defence sector procurement.
"With the revised offset policy, both Indian and foreign investors will benefit from technology transfer opportunities, as well as the ability to form joint ventures in support of India defence procurement projects."
A wholly owned subsidiary of Aequs Private Limited, Aequs Aerospace offers precision machining, sheet metal fabrication, assembly, forging, and special processing services for OEMs and Tier 1 customers.
In June, Aequs acquired the operations of Paris, Texas-based T&K Machine that serves global aerospace companies, including Boeing, Spirit AeroSystems, Triumph’s Vought aerostructures, and UTC Aerospace Systems.
Image: Airbus India managing director Srinivasan Dwarkanath and Aequs chairman and CEO Aravind Melligeri. Photo: courtesy of Aequs.
