Hyderabad: Hyderabad-based, The Raghu Vamsi Group, which manufactures cutting edge High Precision, Life Critical products for Aerospace, Defence, Space, Oil & Gas and Medical sectors, laid the foundation stone for its new state-of-the-art facility in Hyderabad.
The company committed an investment of Rs 300 crore to build this new facility near International Airport, which will feature dedicated manufacturing bays for 15 Original Equipment Manufacturers (OEMs).
Telangana Minister for IT and Industries D Sridhar Babu on Thursday laid the foundation stone for this cutting-edge facility in the presence of Dr. E. Vishnu Vardhan Reddy, VC & MD of TSIIC, and Praveen PA, Director of Aerospace & Defence, Telangana.
This state-of-the-art facility is set to reinforce the Raghu Vamsi Group’s commitment to excellence, sustainability, and innovation in the manufacturing sector, with this investment, we aim to not only enhance our manufacturing and R&D capabilities but also employ 2000 people over the next three years and contribute to the economic growth of Telangana,” said Vamsi Vikas, Managing Director, Raghu Vamsi Group.
In the last five years, Raghu Vamsi has grown at a CAGR of over 35 percent, with orders exceeding Rs 2,000 crore. To support this rapid growth, Raghu Vamsi has acquired 8 acres of land in the Telangana Government’s Hardware Park, located near the international airport, the company said in a release here.
The company is investing Rs 300 crore to develop a state-of-the-art facility spanning 200,000 square feet across three buildings. This new facility is dedicated to R&D, Assembly and Manufacturing.
To support its global ambitions, Raghu Vamsi has significantly expanded its manufacturing capabilities through strategic partnerships and joint ventures with global industry giants such as ITP Aero (Spain), Rave Gears (USA), Adani Defence, and Part East Robotics.
