In a first for a private company in India, Skanda Aerospace Technology Pvt Ltd (SATPL), on 12 May, announced its plan to invest Rs 250 crore to set up a gearbox manufacturing facility at Hyderabad. SATPL is a joint venture (JV) between the Hyderabad-based Raghu Vamsi Machine Tools (RMVT) and Texas-based Rave Gears LLC.
This production facility will be India’s first private company with the capability to manufacture helicopter gears and gearboxes.
Given the growing demand for helicopters manufactured by Hindustan Aeronautics Ltd (HAL), there is likely to be a significant demand for gearboxes and drive trains.
Rave Gears, which will function as technology provider, will hold 55 per cent of SATPL, while RVMT & Investors will hold the remaining 45 per cent. The JV company will invest Rs 250 crore and provide employment to 1,000 workers in the next 3-5 years. Rave Gears has also committed to provide Skanda Aerospace with assured annual orders to the tune of $9 million.
