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June 2021 Contact Key Highlights June 2021 INVEST KARNATAKA MONTHLY JUNE 2021 CONTACT KEY HIGHLIGHTS JUNE 2021 Ms Gunjan Krishna Commissioner, Dept of Industries and Commerce, GOK Phone: +91 80 2238 6796 Email: [email protected] Mr H.M. Revanna Gowda Managing Director, Karnataka Udyog Mitra Ph: 91-80-2228 2392, 2228 5659; 2238 1232 Email : [email protected] FOLLOW US ON FOLLOW US ON FOLLOW US ON To subscribe to our newsletter CLICK HERE Visit us at: www.investkarnataka.co.in Special feature: Aequs Journey from a speck to a sparkle Aequs’ journey is a story of how aeroplanes stay in the sky, would also sow the precision engineered aerospace components it has helped Karnataka become seeds of yet another successful enterprise, this could be manufactured in India. time, to make actual aeroplane parts. a shining star of manufacturing And the way to do it was to set up a global excellence in the Aerospace & Unchartered territory manufacturing ecosystem which, going Defence sector forward, was to house a series of integrated Though Karnataka had earned its wings as an and co-located facilities to support the entire Aerospace & Defence destination by then, most It all started with the passion to dream big. manufacturing value-stream – a platform When Aravind Melligeri and his childhood friend activity was limited to public sector units, of sorts that aimed for extreme efficiencies Ajit Prabhu set out to chase the American with a few private through the entire manufacturing process. Dream by pursuing their master’s degrees in players involved in a Way ahead of Way ahead of the times, and conceived with a the US, the seeds of entrepreneurship had limited way. It was the times, and 30-year vision, the concept of ecosystems of just been sowed. Landing cushy jobs with in 2007 that Aravind conceived with a efficiency took birth. multinational giants was not enough to quench Melligeri set out to 30-year vision, their thirst. They were eager to seek and write establish India’s most Aequs pioneered their own destiny. In 1997, this led to the birth of ambitious aerospace the concept of QuEST Global Engineering, that sought to bridge enterprise in the ecosystems of the gaps in outsourced engineering services out private sector. It called efficiency. of India. for state-of-the-art precision engineering Few would have imagined at the time that this and manufacturing capabilities. QuEST Global venture, which also specialised in writing code Manufacturing was born with a belief that to help leading aircraft makers keep the given the right approach globally competitive Special feature: Aequs Why Belagavi? Navigating ahead Cohesive ecosystem “Our networks While Bengaluru would With a razor-sharp focus on taking up complex Soon came the global foray with the are forged with have seemed the and difficult to execute products albeit in a acquisition of Texas-based T&K Machine in care. We believe obvious choice to set limited number, rather than chasing volumes, 2015. This was soon followed by yet another in creating global up such an ambitious the pioneering venture, has generated much acquisition, this time in France in 2016. enterprise, to many partnerships with interest from far and wide. These takeovers further enhanced Aequs’ it came as a surprise recognized capabilities and more importantly, brought when Aravind Melligeri industry leaders Along the way, in 2014, QuEST Global it closer to its customer base, that includes zeroed in on North that drive the Manufacturing, rechristened itself Aequs, Latin the likes of Airbus, Boeing, Collins Aerospace, Karnataka, and that ecosystem,” for equal, suggesting a partnership between Safran, to name a few. too Belagavi, to set it equal stakeholders. And accolades came up. Dig a bit deeper Aravind Melligeri, easily with the feather in the cap being the “Our networks are forged with care. We believe and you begin to see Chairman & CEO, recognition as India’s first Notified Precision in creating global partnerships with recognized the logic. Aequs Engineering & Manufacturing SEZ. That it industry leaders that drive the ecosystem,” offered a full-scale manufacturing ecosystem says Aravind Melligeri. These partnerships Belagavi, apart from its serving global clients from a single location and the global footprint, including in USA and strategic location and its climate, also offered turned out to be its USP. The country’s first France, have given Aequs the capabilities and easy access to ample engineering talent. North vertically integrated ecosystem, spread over reach to deliver effectively across continents Karnataka is blessed with the presence of 250+ acres, became the go-to destination for to customers that include giants of the some of the best engineering and technical global aerospace companies. Aerospace industry. institutes. Add to this the presence of the perhaps the biggest agglomeration of casting Aequs has always believed that its people businesses and automotive parts makers, and are its strength, the core of the ecosystem. you have access to ready talent. Moreover, It was one of the first in the country to set Belagavi is not only close to business hubs up an inhouse Aerospace training centre, the like Bengaluru, Mumbai, and Pune, but also Aerospace Knowledge Centre in 2016. The provides a cosmopolitan mix to make any expat institute runs a 30-months training program comfortable. for engineering graduates and diploma holders Special feature: Aequs equipping them with skills needed to flourish Aequs is also the first aerospace company Striking new Ground in the aerospace industry. A transparent and in India to achieve NADCAP accreditation positive work culture is also reinforced by its and the AS9100D After logging many firsts in the Aerospace strict policies on safety with certifications certification. It sector, Aravind Melligeri has now embarked on such as ISO 14001:2015 and BS OHSAS was a moment of Aerospace striking new ground. Aequs, which has been 18001:2007. great pride for the manufacturing toys for some of the biggest Operations began company when brands across the world since 2016, is in 2009 A Habit of Making it First Airbus recognized now setting by its achievement India’s 1st Precision India’s first toy Looking back, Aequs can proudly boast of Toys in creating the Manufacturing SEZ manufacturing many firsts including the largest machining unique aerospace cluster at Koppal at Belgaum Operations began capability of over one million machining manufacturing in Karnataka. This in 2016 hours per year which is poised to grow to ecosystem and State-of-the-art difference this time India’s 1st Toy 4 million hours in the coming years. This is presented it technologies round is that apart nearly two times the combined capacity of with the most from manufacturing Manufacturing Cluster under all other Indian machining players. Aequs is prestigious Global footprint: toys itself, the construction at also the first in India to assemble Plug Doors Airbus Innovation India, US, & France company will also Koppal and Over-Wing Exit Doors for global OEMs. Award. It was be helping other 3 Multinational joint also awarded the entrepreneurs add Integrated Its forging (JV) unit boasts of India’s largest ventures Airbus Detailed capacity at the product design & hydraulic press at a capacity of 10,000 tons. Parts Partner Cluster. Spread manufacturing Its assemblies (JV) unit, Aerostructures Award (D2P) in over 400+ acres Assemblies India (AAI), has helped India cross 2016, 2017, 2018 & 2019, the Airbus Supply the Koppal Toy Injection molding, a major milestone by delivering fuselage plug Chain & Quality Improvement Plan (SQIP) Cluster (KTC), is painting, & doors directly to Airbus. One of its other JVs, Award in 2018 & 2019, the Collins Aerospace designed to house assemblies the Aerospace Processing India Pvt Ltd (API), Best Supplier Award (India Region) in 2019 an entire Ecosystem Tooling design & was the first surface treatment units in India and the first “Casing Industrialization Award”, to support toy manufacturing to be approved by both Airbus and Boeing. from Safran (SHE), under the Aequs Global manufacturers, Transition Model. Special feature: Aequs Economic Zone (SEZ) and a Domestic Tariff Area manufacturing ecosystems. It has succeeded in (DTA), and consist of approximately 4.5 million integrating entire manufacturing value streams sq. ft. of factory in a single location establishing a template that space apart Consumer Durable can be replicated irrespective of the sector in from a host of Goods which it wants to operate. other common facilities, Operations began in With Ease of Doing Business (EODB) as the core including 2020 value proposition to manufacturers wanting to warehouse and set up shop in these Clusters, Aequs is adding logistics, skill India’s 1st Durable to the congenial business in Karnataka. suppliers, and vendors across the toy Goods Mfg. Cluster development manufacturing value chain. In line with under construction at centres etc. The dream that took off a little over a decade Hubballi Hon’ble Prime Minister Shri. Narendra When fully back has now turned into a reality making Modi’s Atmanirbhir Abhiyan for a self-reliant operational the An emerging global a difference to North Karnataka and its India and supported by the Government of two projects sourcing hub people. More importantly, it is making the Karnataka, the self-sustained ecosystem will are expected to country proud pioneering new concepts Integrated design to cater to all infrastructure and operational provide nearly and conglomerations of sector-specific product realization support requirements of the toys, plastic, 40,000 direct manufacturing hubs, or the ecosystems of and electronic manufacturing industry. This jobs apart Agile industrialization efficiencies. apart the cluster will offer support services, from indirect & value creation (ends) skill centers, and workforce to match employment to manufacturing requirements. some two-lakh people in North Yet another first will be the upcoming Hubbali Karnataka. Consumer Durable Goods Cluster, which will be India’s first such mega park in the durables A legacy of sorts sector.
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