Aequs Special Economic Zone has expanded further by bringing Toulose based Latécoère Groupe, ranked 2nd worldwide in onboard aircraft wiring, to set up its production facility in Belagavi, Karnataka. Initially, the first production runs will commence in an existing 1300 sq. m. unit in Q3, 2018, pending construction of a new facility in Aequs special economic zone. The company is planning to construct a brand new 4000 sq. m. manufacturing facility within the SEZ to benefit from the existing aerospace ecosystem at Aequs.
Aravind Melligeri, Chairman & CEO of Aequs Group, said upon signing of the agreement, "Aequs has developed a thriving ecosystem that would facilitate every occupant, who is a part of this SEZ, to grow exponentially by leveraging interrelated capabilities, difficult to find in one location elsewhere in the world."
"The know-how of the Interconnection Systems teams has once again won global recognition by the industry. The new plant is designed to make the Group more competitive and will help us to support our customers in their development initiatives," added Latécoère CEO Yannick Assouad.
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