Khalapur, Feb 17 (KNN) Godrej Aerospace, a division of Godrej and Boyce has decided to invest Rs 500 crore in a new manufacturing facility at Khalapur in Maharashtra, according to a report in The New Indian Express.

This Greenfield project, spread out on 100 acres of land, is expected to be completed within three years. It will be solely dedicated to the defence and aerospace markets, the company said.

Godrej Aerospace AVP and business head Maneck Behramkamdin told TNIE that the investment will largely be towards establishing infrastructure and machinery, among other things.

The Godrej Group is a significant player in the aerospace industry of India. It has been manufacturing engines for space.

“The Godrej Aerospace has been partnering with ISRO for over 30 years to manufacture complex systems such as liquid propulsion engines for PSLV and GSLV rockets, thrusters for satellites, and antenna systems,” Behramkamdin said.

The company has played an integral part in the Chandrayaan and Mangalyaan missions.  (KNN Bureau)