Raghu Vamsi, the second company from Hyderabad in recent weeks, has announced a contract with Boeing to manufacture and supply critical components.
Aerospace company Raghu Vamsi has invested $ 15 million to set up a facility near Hyderabad to manufacture and supply precision parts to Boeing.
The facility is the company’s fifth platform, dedicated to Boeing requirements and employs 300 people over a three-year period. It is scheduled to be launched next month. However, the contract amount and the scope of the plant have not been disclosed.
Managing Director Vamsi Vikas Ganesula said the Boeing deal is an important milestone not only for Raghu Vamsi, but also for Telangana.
“This contract is a testament to our precision manufacturing, consistent delivery, and first-time quality,” he said.
For over a decade, the company has been manufacturing high-end, high-quality precision components for the aerospace and defense industries in India and abroad.
It manufactures key components and subassemblies for commercial airplanes, defense and space systems for international and domestic OEMs. The company employed 600 people across all four existing facilities in Hyderabad.
Boeing India Director-Supply Chain Management Ashwani Bhargava said the awarding of the contract is “an important step in the Indian government’s commitment to the Aatmanirbhar Bharat vision. Boeing is an Indian aerospace company with a presence of over 70 years in India. And we are focused on supporting the development of defense functions. “
Raghu Vamsi is the second company from Hyderabad in recent weeks to announce a contract from Boeing for the manufacture and supply of critical components. Last month, Azad Engineering announced that it will begin delivering critical components to Boeing, including hydraulic and mechanical fittings, in the first quarter of 2022.
https://www.electronicsb2b.com/headlines/raghu-vamsi-bags-boeing-contract-to-set-up-15mn-plant-in-hyderabad/ Raghu Vamsi signs Boeing contract to set up $ 15 million factory in Hyderabad