Construction of the new manufacturing and assembly facility of Magellan Aerospace gathered pace with the Canadian company hosting a traditional groundbreaking ceremony in Devanahalli, Bengaluru.
The company is to invest more than Rs 1.43 billion in the manufacturing and assembly plant. Magellan Aerospace, present in India’s aerospace sector for more than a decade, had earlier teamed up with Mahindra Aerospace to provide solutions to support larger work packages in India. The two companies have a memorandum of understanding in place to jointly respond to and develop new aerostructure business opportunities.
According to The Hindu, construction of the new facility, at a 140,000 square foot building, will be carried out in two phases, said the company, and is expected to become operational by the end of next year.
The plant will employ around 120 high-technology officials. It is being constructed on seven acres at the Hitech Defence and Aerospace Park (Aerospace SEZ) in Devanahalli, Bengaluru, near the Bangalore International Airport.
Taking into account Magellan’s expanding footprint in India and increasing spectrum of capabilities, Phillip Underwood, President and Chief Executive Office of Magellan Aerospace, pointed out that the new manufacturing and assembly facility would enable the company to support the production of larger work packages for major structural assemblies, fabrications and machined components for the global market.
Canada’s Federal Minister of International Trade, Francois-Philippe Champagne, who participated in the event, noted how Canadian companies have always been at the forefront of aerospace innovation.
Together with two long-standing joint venture partners in India – API Surface Treatments and Triveni Aeronautics – Magellan Aerospace aims to be one of the largest suppliers of Make in India-manufactured commercial aircraft components.
The company said the new facility in India, coupled with the Canadian company’s operations in Europe and North America, would help grow the Make in India content on their aircraft, and is expected to play a major role in developing the supply chain in India.