How has Aequs’ journey been?
We started our facility in 2006 with aerospace manufacturing in Bangalore. It kicked off because of the 30 per cent offset offered by the then government for aerospace. Then another programme came which offered us 50 per cent offset. We were already doing design for Airbus and asked them if they would be interested in getting the manufacturing done from us as well. While they agreed, we realised it will not solve the billion dollar plus requirement these companies have. Also, for them to give us work, we had to remain globally competitive. In addition, we had to sustain over decades, because that is how aerospace programmes work. The Special Economic Zone (SEZ) Policy came up at that time and we thought this is the right opportunity.
This story is from the 27 August 2022 edition of Businessworld India.
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This story is from the 27 August 2022 edition of Businessworld India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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