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Aequs announced at Aero India 2017 that it is setting up a multi-capability aerospace and defence manufacturing facility in Tuem, Goa, with an initial investment of ₹500 crore, expected to create close to 2,000 jobs.
“This is the first venture in the private sector, which will manufacture high-end components and systems for aerospace and defence sector and support the 'Make in India' initiative.”thehindubusinessline.com
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