US aerospace to hike outsource of component manufacturing to India
A ten-member delegation led by the Indo-American Chamber of Commerce (IACC) chairman Rabindra Srikantan today visited Aequs SEZ to explore the possibility to increase the investment.
The delegation held discussions on the capabilities, investment benefits and tax exemptions in the SEZ, according to a release here.
The 250-acre Aequs SEZ, India's first precision engineering special economic zone, is an integrated aerospace manufacturing ecosystem that houses several interrelated capabilities that are either unavailable in India or difficult to come by.
In addition to the Aequs manufacturing facilities, Aequs SEZ hosts Aerospace Processing India, a joint venture between Aequs and Magellan Aerospace of Canada; SQuAD Forging India, a joint venture between Aequs, Setforge and Albert & Duval of France; and Aerostructures Assemblies India, a joint venture between Aequs and Saab AB of Sweden. Such global partnerships have helped Aequs to supply components, parts, and subassemblies to global aerospace majors. Aequs is among the first Indian private sector players to supply parts to both Airbus and Boeing.
(Posted on 06-06-2014)