WIN had opened a facility to manufacture aerospace actuators components at Devanahalli on the outskirts of Bangalore in February 2013 and has two global customers. One of them is CESA, a subsidiary of EADS and the pact involves transfer of technology as well as manufacturing aerospace actuators and related precision engineering components. WIN did not name the other aviation customer.
This has set the stage for WIN to use this manufacturing facility. Speaking to FE, WIN CEO Pratik Kumar said, The opportunity is huge and we are well positioned with a strong platform to take our growth going forward.
The company expects the momentum in this segment to pick up further with a strong latent demand from the aviation sector in India which includes commercial and defence segments.
India is among the top three procurers of defence equipment and the likely rise in foreign direct investment (FDI) limit from 26% to 49% is expected to spur manufacturing in India. According to Kumar, the entry barriers in this segment is very high given the quality benchmarks, the rigour of accredition and specialised processes.