Aequs signs the agreement with Apollo Aerospace Components Pvt. Ltd to establish a 10000 SQFT unit for Aerospace standard parts Material distribution. This would be a part of “Free Trade Warehousing Zone (FTWZ)” in its Special Economic Zone (SEZ), which is India’s first notified precision engineering and manufacturing SEZ. The 10,000 SQFT facility would be operational in first quarter of the year 2017.
Apollo Aerospace Components has been operating out of Aequs SEZ for the last 3 years and the expansion will generate additional capacity to provide local resource to support growing demand from Aequs and other regional customers.
This facility is part of total 40,000 SQFT FTWZ which currently occupies 6 operating units. It is expected to accommodate nearly 10 operating units in the recent future.
Jason Crabtree, Managing Director, Apollo Aerospace Component Pvt. Ltd. Commented “We are happy to expand our capacity. With this distribution Centre located at Aequs SEZ, we are in a position to support all the customers supply chain needs.” Aravind Melligeri, Chairman and CEO of Aequs noted, “This FTWZ expansion at Aequs SEZ broadens the regional sourcing base, besides increasing the in-country value add capabilities for the aerospace industry.” He added “In India there are only 4 such operating FTWZ’s and we are the only one focused on Aerospace industry and this will be a key link in logistic and Global Supply Chain.”