|
 “MGA’s
objective is to diversify and grow into wider
areas of the aerospace industry, such as Sheet
Metal Forming, Aircraft Structures, Aircraft Systems,
and Airport and Ground Support Equipment, ultimately
providing an end-to-end one-stop shop from Engineering
to Product Delivery. We have a well defined plan
to diversify into the verticals of aircraft structures,
accessories and small engine modules. Our current
turnover is around USD 3.5 million. In the next
five years our plan is to grow to a turnover of
about USD 50 million,” said Naresh Palta, Chief
Executive Officer, Maini Global Aerospace Ltd.
while speaking exclusively to India Strategic.
MGA is looking forward to handle the transition
to complete supply chain management for the aviation
industry over the coming years. “By 2015, our
target is to have a turnover of Rs 215 crores
and we have a detailed investment plan for this.
We will invest US $35 to 40 million in the next
5 years. In the last one year, we have taken action
to add around 30% capacity. We are producing more
than 900 components for all our clients. 95% of
our turnover is exports in aerospace, “ he said.
“We are working with 7 HAL divisions across a
spectrum of projects. It is an honor for MGA to
be chosen as a strategic Partner by the Global
Engines leader - GE Aviation. The company also
entered into a Long Term Agreement with the Munich
based aero-engine major MTU Aero Engines for precision
aero-engine components for the major engine programs
including GP7000, V2500 & EJ200. These engines
are being used in A380, A320 family & combat aircraft
Eurofighter Typhoon. It is a multiyear, contract
that will place MGA as a strategic supplier in
MTU’s supply chain. The company has also signed
a long-term contract with Marshall Aerospace for
the provision of structural machined parts for
the extended range fuel cells of the Boeing P-8I,”
informed Palta
. “MGA is not limited to the military aviation
in the defence sector. It is also producing material
handling equipment for Indian Navy. We are in
the process of making specialist vehicles for
all the three services. We are also examining
some options with paramilitary forces. We are
in discussions with some police departments,”
he said.
MGA is in on a signing spree of offset contracts
with major foreign contractors and is confident
that once an Indian company establishes facilities
and also credibility in terms of quality, on time
delivery and price competitiveness, the overseas
offset partners would definitely see the advantage
of continuing the sub source relationship.
Palta highlighted that the biggest challenge
in India is skilled manpower. “We pick up 70 apprentices
from ITIs suitable for automotive and aerospace
requirements and train them for NCVT certification.
At present availability of trained manpower is
not adequate. There is a serious need for training
in aeronautical skills at diploma level so as
to rapidly build-up skilled manpower. Industry
too has to create internal training curriculum
for building up domain skills,” he said.
|
