What Happened
Indian Aerospace Manufacturer Eyes Larger Global Supply Chain Role
Aequs, an Indian aerospace manufacturer, is targeting a 10% share of the country’s aerospace manufacturing outsourcing market. The company has established a vertically integrated precision manufacturing cluster in Belagavi, Karnataka, and counts major global aerospace players such as Airbus, Boeing, and Honeywell among its customers. Aequs believes India can increase its share of global aviation outsourcing from the current 2% to 10%, leveraging its advantages in engineering and manufacturing costs. The company is investing heavily in expanding its capabilities and has committed around Rs 2,800 crore in investment over the next five years, as reported by BW Businessworld.