A 10-member delegation from the Indo-American Chamber of Commerce (IACC) visited Aequs SEZ in Belgaum, Karnataka.

Aravind Melligeri, Chairman and CEO of Aequs said the delegation, headed by Rabindra Srikantan, Chairman IACC, toured the facilities and held discussions on the capabilities, investment benefits and tax exemptions in the SEZ.

The 250-acre Aequs SEZ, the country’s first precision engineering special economic zone, is an integrated aerospace manufacturing ecosystem that houses several interrelated capabilities that are either unavailable in India or difficult to come by.

Facilities

In addition to the Aequs manufacturing facilities, Aequs SEZ hosts Aerospace Processing India, a joint-venture between Aequs and Magellan Aerospace of Canada; SQuAD Forging India, a joint-venture between Aequs, Setforge and Albert & Duval of France; and Aerostructures Assemblies India, a joint-venture between Aequs and Saab AB of Sweden.

Such global partnerships have helped Aequs to supply components, parts, and sub-assemblies to global aerospace majors. Aequs is among the first Indian private sector players to supply parts to both Airbus and Boeing.

Melligeri, said “The ability to offer full sub-systems or assemblies to global aerospace entities is a vital factor in turning India into a major aerospace outsourcing hub.

By creating the right infrastructure with a well-trained talent pool, it is possible for India to position itself as a leading global aerospace hub with a low-cost advantage.”

Explaining the visit and discussions, Rabindra Srikantan said, “Aerospace and defence manufacturing and service industry has come of age in India. IACC formed an Aerospace & Defence Forum in 2011 and we have been actively encouraging Indo-US collaboration to further growth in this sector. Several US aerospace majors are looking towards India. There is a growing base for manufacturing several aircraft components such as aircraft doors, landing gears, window glass and cables from India.”

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