PARIS – India's Wipro Infrastructure Engineering announced it has concluded an agreement with Spain's Compania Espanola De Sistemas Aeronauticos SA (CESA), a subsidiary of the global Aerospace and Defense Corporation, to manufacture precision engineered components for the aerospace and defense sector.
The agreement involves transfer of technology as well as manufacturing workload for aerospace actuators and related precision engineered components from CESA to Wipro, the companies stated.
In an initial phase, Wipro Infrastructure Engineering said it intends to invest about $15 million to set up a Greenfield venture for the manufacture of components in the new aerospace special economic zone being set up by the Karnataka government at Devanahalli.
Serial production is expected to start towards the end of 2012, Wipro Infrastructure Engineering said.
Good to see that Wipro is going to invest for setting up manufacturing base in India. Also kudos to Karnataka Government for encouraging manufacturing Industries, which is a need of the hour from India, beyond IT space.
What kind of actuators Wipro is going to manufacture? Only the mechanical assemblies of the actuators? Or the complete product including control electronics?
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