ENA Sectors 2024-11-22 14:48:33 <p><span style="font-size:14px"><strong>Telangana, Nov 22 (KNN)</strong> Telanganas aerospace ambitions soared higher as IT and Industries Minister D. Sridhar Babu laid the foundation stone for a state-of-the-art manufacturing facility by the city-based Raghu Vamsi Group at the Shamshabad Aerospace Park.</span></p> <p><span style="font-size:14px">Developed at an investment of Rs 300 crore, the facility is set to create 1,200 direct jobs within three years, further bolstering Telanganas position as a global aerospace and defense hub.</span></p> <p><span style="font-size:14px">Spread across eight acres and covering 2,00,000 sq. ft., the facility will host manufacturing bays for 15 Original Equipment Manufacturers (OEMs) alongside dedicated spaces for research and development (R&amp;D) and assembly.</span></p> <p><span style="font-size:14px">The project aims to fulfill existing orders worth Rs 2,000 crore, cementing Telanganas reputation as a pivotal player in Indias aerospace and defense manufacturing ecosystem.</span></p> <p><span style="font-size:14px">Addressing the gathering, Minister Sridhar Babu commended the Raghu Vamsi Group for its significant contributions to the aerospace industry.</span></p> <p><span style="font-size:14px">This advanced facility symbolises Telanganas commitment to driving innovation and self-reliance in defence production. It will not only strengthen the aerospace supply chain but also generate skilled employment opportunities, he remarked.</span></p> <p><span style="font-size:14px">The Raghu Vamsi Group has earned its place as a critical supplier of components for global aerospace leaders such as Airbus, Boeing, GE Aerospace, and Rolls-Royce.</span></p> <p><span style="font-size:14px">Notable Indian partners include DRDO, ISRO, HAL, and BDL. The companys components power iconic aircraft like the Airbus A320 and Boeing 737 MAX.</span></p> <p><span style="font-size:14px">To support its global reach, the company has forged partnerships with industry giants including ITP Aero (Spain), Rave Gears (USA), and Adani Defence. These collaborations enhance its capabilities in advanced manufacturing and engineering.</span></p> <p><span style="font-size:14px">Minister Babu also highlighted the governments commitment to incentivizing industries in tier-two and tier-three towns through the new MSME policy, encouraging wider industrial growth across the state.</span></p> <p><span style="font-size:14px">The Shamshabad facility is poised to elevate Telanganas stature as a preferred destination for aerospace innovation, underscoring Indias emergence as a global defence manufacturing powerhouse.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 40005 https://knnindia.co.in/news/newsdetails/sectors/raghu-vamsi-group-invests-rs-300-crore-in-aerospace-facility-at-shamshabad 2024-11-22 14:48:33 knnindia.co.in