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Skanda Aerospace Technology, a collaborative effort of Raghu Vamsi Machine Tools and U.S. firm Rave Gears, inaugurated an aerospace gear and gear boxes manufacturing facility in Hyderabad. The first phase investment is ₹75 crore, with plans to invest an additional ₹150 crore over two to three years. Employment is projected to increase from 150 to 1,000 over three years.
“Hyderabad-based Skanda Aerospace Technology has established an aerospace gear and gear boxes manufacturing facility here for catering to the defence and commercial aviation sectors.”thehindu.com
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