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Raghu Vamsi Machine Tools Pvt Ltd has bagged a contract from Boeing to manufacture and supply precision components. As part of the tie-up, Raghu Vamsi will invest $15 million in setting up a dedicated facility at Adibatla near Hyderabad, creating over 300 jobs over the next three years.
“The Hyderabad player manufactures critical parts and sub-assemblies for commercial airplanes, defence and space systems for foreign and domestic original equipment manufacturers (OEMs).”indianaviationnews.net
Summarized from public sources; check the original articles before acting on it.