Aerospace firm Raghu Vamsi is setting up a facility near Hyderabad with an initial investment of $15 million to manufacture and supply precision components to Boeing.
The plant in Adibatla will be its fifth and is expected to be inaugurated next month. It will be dedicated to Boeing’s requirements and employ 300 people in three years, Raghu Vamsi said in a release. The firm, however, did not mention the value of the contract and extent of the plant.
Managing director Vamsi Vikas Ganesula said the Boeing contract is a significant milestone not just for Raghu Vamsi, but also for Telangana. “The contract is a testimony to our precision manufacturing, consistent delivery, and first-time quality,” he said.
For over a decade now, the firm is engaged in manufacturing and supplying high-end, high-quality precision parts to aerospace and defence industry in