Companies

Eaton breaks ground for its aerospace facility

Our Bureau Bengaluru | Updated on November 13, 2018 Published on November 13, 2018

Eaton broke ground at the KIADB Aerospace SEZ, near Devanahalli in Bengaluru, to build its first Aerospace manufacturing facility with an investment around Rs 50 crore in India.

Eaton is a multinational power management company, with 2017 sales of $20.4 billion, founded in the United States with corporate headquarters in Dublin, Ireland.

Company’s new site in Bengaluru is expected to manufacture standard hose assemblies and serve commercial, business and regional aircraft customers. The site will provide significant opportunity to bag new business on military platforms as part of India’s offset policy. The product manufactured at the site will also provide customers with a dual source for Eaton’s oil debris monitoring systems.

Speaking to reporters, Nitin Chalke, president, Vehicle and Hydraulics, APAC, Eaton said “The facility, to be built with over 2.75 acres of land at the KIADB Aerospace SEZ, will be operational in the second half of 2019. The site will leverage smart manufacturing technologies, and contribute to local growth through employment, business and sourcing opportunities.”

Giving reason for setting up aerospace manufacturing facility in India, Chalke said “India has an untapped potential to fuel our Aerospace business’s market growth in the APAC region.”

He added that the upcoming site reinforces Eaton’s continued commitment to India. “Our customers are investing heavily here and Eaton sees the opening of an aerospace manufacturing site in India as an opportunity to help us grow our share of new original equiptment (OE) business as well as contribute to local growth in India.”

The company is now dedicated to improving the quality of life and the environment through the use of power management technologies and services and has about 98,000 employees and sells products to customers in more than 175 countries.

Published on November 13, 2018
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