Belgaum: QuEST Global, a provider of outsourced engineering services and manufacturing, has won a 10-year deal, worth $100 million, from Belgian aerospace major SABCA under which it will manufacture metallic parts and assembly work for the Airbus A-350 XWB aircraft's flap track structures. The company will work on an actuation mechanism for aircraft flaps for the A-350 XWB. The A-350XWB is expected to roll out in 2013. It is intended to compete with Boeing's 787 Dreamliner. The company also said that it has signed agreements with French foundry and forging company Farinia to establish an aerospace forging facility and with Canada's Magellan Aerospace, a manufacturer of aerospace systems, to set up an aero-engine focused manufacturing facility. These projects will be executed at India's first aerospace precision engineering and manufacturing ecosystem, QuEST Global special economic zone (SEZ), in Belgaum, Karnataka. The facility was formally launched by Union minister for civil aviation Praful Patel and Karnataka chief minister BS Yeddyurappa on Saturday. ''The SEZ will benefit North Karnataka to a large extent. We are looking at creating more than 7,000 jobs locally and infuse $500 million to the economy in the coming 10 years,'' QuEST Global co-founder and chairman Aravind Melligeri said. The QuEST Global SEZ is spread over 300 acres with an initial investment of Rs150 crore. The SEZ, which is equidistant to major commercial hubs, such as Bangalore, Mumbai and Hyderabad, currently houses an engineering services facility, a precision machining unit, sheet metal facility within the Aerospace Processing India (API) unit. The API is a JV with Magellan Aerospace. The JV runs as an independent operating company. According to Boeing India president Dinesh A Keskar, the SEZ is the only aerospace facility other than HAL and work done by its tier one and two suppliers will find its way on Boeing aircraft. ''India needs more such facilities as the demand and offset requirement is going to get bigger,'' Keskar said. ''The Indian aviation industry has grown from a sleepy sector. It is now being watched closely by all global majors. The acquisitions of large number of aircraft and offsets in India have by default invited international companies to look at sourcing activities,'' Patel said. ''We fully support the vision entities, such as QuEST and we will make sure that we give all the support to all such ventures,'' Patel added.
|