Hyderabad-based Raghu Vamsi wins Boeing contract
The facility which will be commissioned next month will see an initial investment of $15 million (over Rs 110 crore).
Hyderabad: Hyderabad-based Raghu Vamsi has won a contract from Boeing to manufacture and supply precision components. The company is setting up a facility dedicated to Boeing’s requirements at Adibatla, Hyderabad that will employ more than 300 people over the next three years.
The facility which will be commissioned next month will see an initial investment of $15 million (over Rs 110 crore). This manufacturing activity will lead to the availability of a pool of skilled workforce in support of the growing aerospace and defence industry in Telangana.
This is a significant milestone not just for Raghu Vamsi, but for the State of Telangana. The contract is a testimony to the company’s precision manufacturing and consistent delivery, said Vamsi Vikas Ganesula, managing director, Raghu Vamsi.
“This is an important step in our commitment to the Government of India’s Aatmanirbhar Bharat vision. As a company with over seven decades of presence in India, Boeing is focused on supporting the development of aerospace and defence capabilities in India,” said Ashwani Bhargava, director, Supply Chain Management, Boeing India.
For over a decade, Raghu Vamsi has been dedicated to manufacturing and supplying high-end and high-quality precision parts to the aerospace & defence (A&D) industry in India and abroad. The company has several strategic partnerships for its technological advances and business growth.
As one of the top Indian exporters in A&D, the company has four manufacturing units across Hyderabad and joint ventures with international companies focusing on multiple technologies of CNC manufacturing, sheet metal fabrication, composites, fasteners, gears, and engineering services.
It has been supplying to international and domestic companies such as GE Aviation, Honeywell, Rolls Royce, Collins Aerospace, Eaton, Halliburton, DRDO, BDL, HAL, ISRO and many more.
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