ANI
13 May 2022, 14:07 GMT+10
Hyderabad (Telangana) [India], May 13 (ANI/GPRC): Skanda Aerospace Technology Private Limited (SATPL) plans to invest Rs. 250 crores to set up a facility at Hyderabad.
SATPL is the joint venture between Raghu Vamsi Machine Tools (RMVT) and Rave Gears, LLC, Texas USA and their production facility becomes the first private company having capability to manufacture Helicopter Gears and Gear Boxes in India.
The joint venture (SATPL) will have 55 per cent holding by Rave Gears while RVMTInvestors hold 45 per cent. The JV company will invest Rs. 250 Cr and provide employment for 1000 in the next 3 to 5 years.
Rave Gears have also committed to provide annual orders to the tune of $9M to Skanda Aerospace.
Located at Texas, USA - Rave Gears LLC is a designer, manufacturer and system integrator of gears and precision drive trains catering to Aerospace, Defence, Automotive and industrial customers worldwide. Rave Gears supplies to major OEMs like Boeing, Bell, Collins, BAE Systems, Rolls Royce, Mclaren, Nascar etc.
Raghu Vamsi Machine Tools is a leading supplier of High Precision Products and subassemblies to leading OEMs such as Boeing, GE Aviation, Eaton, Honeywell etc.
In the picture above seen are Tushar Patel- Partner, Nimish Mehta- MD, Rave Gears India Ltd, Vishu Patel- Director, Rave Gears India Ltd, Nick Patel- CEO, Rave Gears LLC, (Texas, USA), Vamsi Vikas- MD, Raghu Vamsi Group, Revanth Kotha- Executive Director, Skanda Aerospace Technology Pvt. Ltd.
This story is provided by GPRC. ANI will not be responsible in any way for the content of this article. (ANI/GPRC)Get a daily dose of Iran Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iran Herald.
More InformationNEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
JERUSALEM, Israel: Israeli Prime Minister Benjamin Netanyahu says that Israel's success in the war with Iran could open the door to...
KHAN YOUNIS, Gaza Strip: Hisham al-Lahham is one of 580 premature babies in Gaza who may die from hunger, according to Gaza's Health...
U.S. Senate passes Trump's landmark mega-bill The GOP-led Senate on Tuesday passed U.S. President Donald Trump's One Big Beautiful...
(250701) -- WASHINGTON, July 1, 2025 (Xinhua) -- U.S. President Donald Trump speaks to the press at the White House in Washington,...
Washington, DC [US], July 2 (ANI): India's External Affairs Minister S Jaishankar, US Secretary of State Marco Rubio, Japan's Minister...
Finance Minister Bezalel Smotrich has said he will oppose any agreements to end the fighting ...