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Indian SME signs JV

Neelam Mathews Jan 30, 2012 Hyderabad's privately owned Small and Medium Enterprise company, Raghu Vamsi Machine Tools into manufacturing of precision engineering parts for Aerospace and Defense industries has entered  into a joint venture with Industria de Tuberias Aeronauticas(ITA), a Spanish company and Reginson Engineering Ltd ("Reginson"), a British Company. The JV will be named "Reginson India" and will have three partners, each contributing the right mix with ITA providing the market access , Reginson providing the product know how, and Raghu Vamsi providing the local market knowledge and industrial capabilities. The JV will manufacture machined components designed to be assembled into rigid and flexible pipes or ducts, i.e. End Fittings for Aircraft Engines. The JV will invest Rs 25crore in 3 phases - Rs 10 Crores in the first year with a target of Rs 100 crores in the next 5 years. The joint venture is (possibly) the first of its kind in engine compo...

EXCLUSIVE! U.S trade mission to tap business including airports

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A great 2012 to all Aerospace Diary readers and a big thank you for your support! Do keep logging in and sending your views on what content you’d like to see added. Neelam Mathews Jan 1, 2012 U.S. Secretary of Commerce John Bryson will lead a senior-level business development trade mission to Mumbai, Jaipur and New Delhi from March 25-30 to focus on commercial opportunities for U.S. companies, including joint ventures and export opportunities. The focus of the mission is to promote U.S. exports to India and discuss trade policy issues with respect to India’s goal of investing $1 trillion in infrastructure development during the next five years. The International Trade Administration has a strong history of cooperation with India on airport infrastructure development through its participation in the Civil Aviation Subcommittee of the U.S.-India High-Technology Cooperation Group and the Airport Infrastructure Working Group. During the November 16–18, 2011 U.S.-India Aviation Sum...