Stone laid for Raghu Vamsi Group’s ₹300 crore manufacturing unit near Hyderabad international airport

Minister Sridhar Babu lays stone for 2 lakh sq ft factory to come up on eight acres and employ 2,000 people in three years

Hyderabad 

November 21, 2024

The groundbreaking ceremony was held on Tuesday November 21, 2024 with Raghu Vamsi Group leadership, officials and heads of departments for the new facility near Hyderabad. 

Industries and IT Minister D. Sridhar Babu 

The Raghu Vamsi Group is developing a ₹300 crore industrial complex at the Telangana government’s Hardware Park near the Hyderabad international airport.

Come into service by September 2025

Research and development, assembly along with manufacturing facilities will form parts of the facility whose foundation stone was laid by Industries and IT Minister D. Sridhar Babu on Tuesday November 21, 2024. Scheduled to commence operations in September 2025, the center consists primarily of three buildings of 2 lakh square feet on an eight-acre plot. It is expected to employ 2,000 people over the next three years.

The Raghu Vamsi Group said it has invested ₹300 crore for the facility, which will create dedicated manufacturing facilities for 15 original equipment manufacturers (OEMs). “With this investment, we aim to not only enhance our manufacturing and R&D capabilities but also employ 2,000 people in the next three years and contribute to Telangana’s economic development,” said managing director Vamsi Vikas eventually.

In the last five years, Raghu Vamsi Group has grown at a CAGR of over 35% with orders of over ₹2,000 crore. To support its global ambitions, the Group has expanded its operational capabilities through strategic and collaborative partnerships with leading global companies such as ITP Aero in Spain, Rave Gears in the US, Adani Defense and Part East Robotics on the.

The move enabled it to operate in three vertical segments - service to aerospace, defense, oil and gas and medical OEMs such as Boeing, Eaton, Haliburton, GE Healthcare and, Collins Aerospace. The standalone alternative is built in such a way that it is suitable for manufacturing small, critical components such as rocket engine components, thrust controls, and air bottles for Indian government agencies such as DRDO, ISRO, HAL and BDL. Earlier this month, it announced the acquisition of British engineering firm PMC Group, which specializes in equipment for the oil and gas industry.