A 300-acre Aerospace SEZ (Special Economic Zone) has been launched in Belgaum , North Karnataka on 14 Oct 2009. Senior representatives of aircraft and aircraft-component makers from around the world, including Boeing, EADS, Rolls Royce,Pratt & Whitney, United Technologies and Lockheed Martin attended the launch.
The SEZ has already seen an investment of Rs 150 crore from Quest, and hosts three operations — an engineering services facility, a precision machining facility and a sheet metal facility. The last of these is in a JV with Canada’s Magellan Aerospace.
Three more MoUs were announcedat the launch; one was with with Belgian aerospace company SABCA to manufacture metallic parts and assembly work for the Airbus A350. This deal is expected to be worth $100 million over the next ten years. A second MoU was signed with Magellan to evaluate setting up a dedicated facility to manufacture components and sub-assemblies for aero engines . The third MoU was with Farinia Geie, a French foundry and forgings company to establish an aerospace forging facility.
Pse Click to read the full Report: Belgaum Gets an Aerospace SEZ
Brigadier(Retired) Sukhwindar Singh
http://www.svipja.com/
(A Global Solution for Offsets)
Credit: The Economic Times
The SEZ has already seen an investment of Rs 150 crore from Quest, and hosts three operations — an engineering services facility, a precision machining facility and a sheet metal facility. The last of these is in a JV with Canada’s Magellan Aerospace.
Three more MoUs were announcedat the launch; one was with with Belgian aerospace company SABCA to manufacture metallic parts and assembly work for the Airbus A350. This deal is expected to be worth $100 million over the next ten years. A second MoU was signed with Magellan to evaluate setting up a dedicated facility to manufacture components and sub-assemblies for aero engines . The third MoU was with Farinia Geie, a French foundry and forgings company to establish an aerospace forging facility.
Pse Click to read the full Report: Belgaum Gets an Aerospace SEZ
Brigadier(Retired) Sukhwindar Singh
http://www.svipja.com/
(A Global Solution for Offsets)
Credit: The Economic Times
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