Skanda Aerospace Tech to invest ₹250 crore in Hyderabad manufacturing facility

Skanda Aerospace Technology Private Ltd (SATPL) will invest ₹250 crore to set up a manufacturing facility in Adibatla, Hyderabad. Production is expected to commence in January 2023, and the facility will employ about 1,000 people in 3-5 years.

“The facility will become the first private company having capability to manufacture helicopter gears and gear boxes in India.”thehindubusinessline.com

• 1 source
• thehindubusinessline.comSkanda Aerospace Tech to invest ₹250 cr in manufacturing facility - The HinduBusinessLineOur BureauMay 12, 2022

Summarized from public sources; check the original articles before acting on it.