ANI
13 May 2022, 14:07 GMT+10
Hyderabad (Telangana) [India], May 13 (ANI/GPRC): Skanda Aerospace Technology Private Limited (SATPL) plans to invest Rs. 250 crores to set up a facility at Hyderabad.
SATPL is the joint venture between Raghu Vamsi Machine Tools (RMVT) and Rave Gears, LLC, Texas USA and their production facility becomes the first private company having capability to manufacture Helicopter Gears and Gear Boxes in India.
The joint venture (SATPL) will have 55 per cent holding by Rave Gears while RVMTInvestors hold 45 per cent. The JV company will invest Rs. 250 Cr and provide employment for 1000 in the next 3 to 5 years.
Rave Gears have also committed to provide annual orders to the tune of $9M to Skanda Aerospace.
Located at Texas, USA - Rave Gears LLC is a designer, manufacturer and system integrator of gears and precision drive trains catering to Aerospace, Defence, Automotive and industrial customers worldwide. Rave Gears supplies to major OEMs like Boeing, Bell, Collins, BAE Systems, Rolls Royce, Mclaren, Nascar etc.
Raghu Vamsi Machine Tools is a leading supplier of High Precision Products and subassemblies to leading OEMs such as Boeing, GE Aviation, Eaton, Honeywell etc.
In the picture above seen are Tushar Patel- Partner, Nimish Mehta- MD, Rave Gears India Ltd, Vishu Patel- Director, Rave Gears India Ltd, Nick Patel- CEO, Rave Gears LLC, (Texas, USA), Vamsi Vikas- MD, Raghu Vamsi Group, Revanth Kotha- Executive Director, Skanda Aerospace Technology Pvt. Ltd.
This story is provided by GPRC. ANI will not be responsible in any way for the content of this article. (ANI/GPRC)Get a daily dose of Australian Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Australian Herald.
More InformationEAST PALESTINE, Ohio: Norfolk Southern wants two other companies to help pay for the $600 million settlement it agreed to after a major...
BISHOP, California: A fast-growing wildfire in California's Eastern Sierra region has burned 1,000 acres and forced people to leave...
WASHINGTON, D.C.: A U.S. passenger plane getting ready to take off and a military jet coming in were told to change course to avoid...
WASHINGTON, D.C.: Radio Free Asia, a key voice in press freedom across the continent for nearly three decades, is now warning it may...
BROOKLYN PARK, Minnesota: At least one person died when a small plane crashed into a house in a Minneapolis suburb on Saturday, a city...
WASHINGTON, D.C.: This week, President Donald Trump ordered the removal of what he called improper, divisive, or anti-American ideology...
MELBOURNE, Victoria - If a federal election were held today, the Australian Labor Party (ALP) would be re-elected with an increased...
Johannesburg [South Africa], April 4 (ANI): Pranavi Urs was in fine form before the first round was suspended due to a flooded course...
Perth [Australia], April 4 (ANI): Mitchell Marsh has re-signed with the Perth Scorchers for the next three years, keeping him en route...
(250404) -- SUZUKA, April 4, 2025 (Xinhua) -- Red Bull's drivers Max Verstappen (L) of the Netherlands and Tsunoda Yuki of Japan drive...
(250404) -- LAGUNA PROVINCE, April 4, 2025 (Xinhua) -- Elizabeth Alchin of Australia reacts during the women's round of 16 match between...
Chief political correspondent Michelle Grattan talks with political editor Amanda Dunn about Donald Trump's trade tariffs, their potential...