Raghu Vamsi is the second company from Hyderabad in recent weeks to announce a contract from Boeing to manufacture and supply critical parts
Aerospace company Raghu Vamsi is investing $15 million in setting up a facility near Hyderabad to manufacture and supply precision components to Boeing.
The facility, the company’s fifth such plat, will be dedicated to Boeing’s requirements and employ 300 people in three years. It is expected to be inaugurated next month. However, the value of the contract and the extent of the plant is undisclosed.
Managing director Vamsi Vikas Ganesula said the Boeing contract is a significant milestone not just for Raghu Vamsi, but also for Telangana.
“The contract is a testimony to our precision manufacturing, consistent delivery, and first-time quality,” he said.
For over a decade now, the firm is engaged in manufacturing and supplying high-end, high-quality precision parts to the aerospace and defence industry in India and abroad.
It makes critical parts and sub-assemblies for commercial aeroplanes, defence and space systems for international and domestic OEMs. Across its existing four facilities, which are in Hyderabad, the firm employed 600 people.
Boeing India director-Supply Chain Management Ashwani Bhargava said the awarding of the contract 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.”
Raghu Vamsi is the second company from Hyderabad in recent weeks to announce a contract from Boeing to manufacture and supply critical parts. Last month, Azad Engineering had said it will begin delivering critical components, including hydraulic and mechanical fittings, to Boeing from the first quarter of 2022.