Hyderabad-based Skanda Aerospace Technology has established an aerospace gear and gear boxes manufacturing facility here for catering to the defence and commercial aviation sectors.
The company, which is a collaborative effort of Hyderabad-based aerospace and defence component maker Raghu Vamsi Machine Tools and U.S. firm Rave Gears, has invested ₹75 crore on the first phase and plans to invest an additional ₹150 crore over next two-three years.
Industries and IT Secretary Jayesh Ranjan and Director of Aerospace and Defence of Telangana government P.A. Praveen participated in the inauguration of the facility, which the company said is the first of its kind in the country dedicated to crafting aerospace-standard gears. Rave Gears, which is a designer, manufacturer and system integrator of gears and precision drive trains catering to aerospace, defence, automotive and industrial customers globally, has committed to provide $9 million annual orders, Skanda Aerospace said in a release on Tuesday.
