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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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