Monday, November 16, 2009

Belgaum SEZ mulls unit for aero-engine components

Bangalore: The special economic zone (SEZ) focused on aerospace in Belgaum, North Karnataka, could soon have a facility to produce components and sub-assemblies for aero engines.
The new facility alone could generate revenues of $50 million per year for the next five years, said Aravind Melligeri, chairman and co-founder of QuEST Global, the engineering services and manufacturing company that is developing the SEZ through Aerospace Processing India (API), its joint venture with Canada's Magellan Aerospace Corporation.
The company is trying to create an aerospace precision engineering and manufacturing ecosystem at the SEZ, spread over 300 acres. It has so far invested Rs 150 crore on the SEZ, which became operational in March this year and currently houses engineering services, precision machining and sheet metal facilities.
Meanwhile, QuEST Global has tied up with Farinia GEIE, a French foundry and forging company, to establish an aerospace forging facility at the SEZ.
The company has also bagged an order to manufacture metallic parts and assembly work for the Airbus A-350XWB flap track structure from Belgium's SABCA. The contract for the A-350XWB programme is worth $100 million over the next 10 years. Melligeri said the order would be executed at the Belgaum SEZ.
Global aerospace majors like Snecma and Magellan are already outsourcing from India and others like Lockheed Martin, Boeing, Thales, Pratt & Whitney, Bombardier and Rolls Royce are setting up base in the country.
16/11/09 Praveena Sharma/Daily News & Analysis
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