Hyderabad, July 3 -- Aerospace and defence manufacturer Raghu Vamsi Machine Group is planning to launch an initial public offering (IPO) within the next 18-24 months as part of its expansion strategy, while targeting the development and manufacture of its first indigenous aircraft by 2035, the company's Chief Executive Officer S. Siva Arvinth said on Friday.
Talking to UNI, he said the company is setting up a new eight-acre aerospace and defence manufacturing facility near the Rajiv Gandhi International Airport (RGIA) in Hyderabad.
The plant will feature robotics and automation, AI-enabled paperless manufacturing, integrated engine assembly and maintenance, repair and overhaul (MRO) capabilities, along with aerospace special processes, he...