Saturday, Aug 17 2019 | Time 20:58 Hrs(IST)
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  • MP Santokh Chaudhary writes to Union Petroleum Minister on CNG crisis in Jalandhar
  • Prevention of Money Laundering Act case: Orders reserved on bail plea of businessman Sana Babu
  • AAP to protest outside BJP headquarters over demolition of Sant Ravidas temple
  • Pleasant rainy day in Delhi, air quality 'good'
  • Shastri thanks CAC after being retained as Head Coach of Team India
  • Shastri thanks CAC after being retained as Head Coach of Team India
  • Caretaker of ancestral house of Anant Singh arrested
  • India keen to 'cultivate' Bhutan youths for closer ties: Foreign Secy
  • We all were expecting since long, says Jadeja sister
  • Ajmer experiences rain fury
  • No permit for three-wheelers using diesel in Patna: Modi
  • Jagan Reddy's govt failed in tackling flood situation: Chandrababu Naidu
  • Kejriwal expresses concern on AIIMS fire, says all efforts being made to control the blaze
  • Karnataka Cabinet likely to take place on August 20
  • UP govt working for all sections of society: Yogi
States


Aequs aerospace to set up Defence exclusive unit in Goa

Bengaluru, Feb 15 (UNI) The Belagavi based Aequs Aerospace today
announced setting up of an exclusive high precision Defence and aerospace
facility in Goa to participate in the 'Make in India' programe of the Union
government.
Making the announcement in the presence of Goa Chief Minister Laxmikant
Parsekar, Aequs Aerospace Chairman and CEO Arvind Melligeri told newsmen
here that the Rs 500 Crore facility to be located in Tuem in Goa will start
manufacturing 24 months after the land was finally allocated to the company.
Goa Chief Secretary Dharmendra Sharma said the process was in the final
stage and expressed hope that the allocation of 50 acres of land to Aequs
would be completed this year.
Mr Parsekar said that Goa was in the ending stages of coming out of its
electronics policy delayed due to the recent Assembly election. The greenfield
international airport coming up near Tuem would offer tremendous advantage to
high industries to come up in Goa which already had a good pharmaceutical
base besides engineering.
Mr Melligeri said the new facility was Aequs commitment towards the Indian
Defence Sector which heavily relied on imported equipment and technology.
The company aimed support the make in India initiative for one of the most
critical sectors in the country. ''Our strategy will also see technology transfers
from aerospace giants around the globe''. The facility aimed to generate
employment to 2000 people.
Aequs Aerospace is headquartered with the Aequs special economic zone in
Belagavi, From raw materials to equipment and processes, Aequs maintains
the high standards that are globally recognised, Mr Melligeri said.
UNI CNR MSP CS 1816
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