What about the manufacturing of the apparel which is worn first every day? Is Atmanirbhar vision the same for innerwear manufacturing which they do for machinery, automobiles and other things? Substantiating innovation, enumerating growth and promising self-reliability, Indian Innerwear Industry is resonating globally. Breeding to the mutation of innerwear as a radical need to the global fashion statement, Indian Innerwear Industries are spouting off a giant market in the world.
HYDERABAD: Boeing has awarded Raghu Vamsi Machine Tools Pvt Ltd a contract to manufacture and supply precision components. For foreign and domestic original equipment manufacturers, the Hyderabad player manufactures critical parts and sub-assemblies for commercial airplanes, defense, and space systems (OEMs).
Raghu Vamsi will invest $15 million in a specialized facility near the Rajiv Gandhi International Airport in Adibatla to cater to Boeing’s needs as part of the agreement. Raghu Vamsi, who announced the partnership on Monday, said the facility will produce over 300 employment over the next three years.
Boeing India’s director of supply chain management, Ashwani Bhargava, described the collaboration as a significant step forward in the company’s commitment to the Atmanirbhar Bharat goal. “Boeing is committed to assisting the development of India’s aerospace and defence capabilities as a firm with over seven decades of presence in the country,” Bhargava said.
In the city, Raghu Vamsi has four stores.
Not only for Raghu Vamsi, but for Telangana as a whole, this is a watershed moment. The deal is a testament to our precision production, reliable delivery, and first-time quality,” Raghu Vamsi managing director Vamsi Vikas Ganesula said.
The Hyderabad-based firm currently operates four production facilities in the city, catering to international joint ventures.
For more than 15 years, Raghu Vamsi has been selling components to worldwide and local A&D giants such as GE Aviation, Honeywell, Rolls Royce, Collins Aerospace, Eaton, Halliburton, DRDO, BDL, HAL, and ISRO.
