Aequs SEZ, India's first notified precision engineering and manufacturing SEZ, has signed an agreement with US-based Apollo Aerospace Components to establish a 10,000 sq ft unit for aerospace standard parts material distribution.
This would be a part of "Free Trade Warehousing Zone (FTWZ)" in Aequs' Belgaun Special Economic Zone (SEZ).
The 10,000 sq ft facility would be operational in first quarter of the next year, a statement said.
Apollo Aerospace Components has been operating out of Aequs SEZ for the last three years and the expansion will generate additional capacity to provide local resource to support growing demand from Aequs and other Aerospace customers.
This facility is a part of total 40,000 sq ft FTWZ which occupies five operating units. It is expected to accommodate nearly 10 operating units in the near future.
"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," Jason Crabtree, Managing Director, Apollo Aerospace Component said.
Aravind Melligeri, Chairman and CEO of Aequs said: "This FTWZ expansion at Aequs SEZ broadens the regional sourcing base. Out of five such operating FTWZ's in India, we are the only one focused on aerospace industry".