Gopalan Aerospace targets USD 50 million revenue from Hoskote facility, signs five Czech MoUs

Bengaluru, Oct 14 (UNI) Gopalan Aerospace India Private Limited (GAIPL) is stepping up its aerospace and defence manufacturing ambitions with a new production line at its Hoskote facility near Bengaluru, backed by an investment of USD 40 million, and five agreements with Czech companies to explore collaboration in drones, advanced coatings and other technologies. Czech Deputy Prime Minister and Minister of Industry and Trade Karel Havlíček inaugurated the production line on Wednesday in the presence of Gopalan Enterprises Director C. Prabhakar. The company expects the Hoskote facility to generate around USD 50 million in annual revenue at planned capacity, against…