Indian IT major Wipro’s Infrastructure Engineering division tied up with European Aeronautic Defence and Space company’s Spanish subsidiary CESA (Compania De Sistemas Aeronauticos S.A.) on 25 May 2011. The objective of the tie-up is to set up a $15 million component manufacturing unit for the aerospace and defence sector.
The agreement envisages technology transfer and manufacturing workload for aerospace actuators and precision engineered components from CESA to Wipro. The Bangalore-based Wipro’s Infrastructure Engineering is a leader in precision engineered hydraulic actuators and components.
Aerospace actuators are used in various applications in aircraft, including landing gear, flight control systems, engines and various utilities. Growth in this industry looks to be driven by offset opportunities as well as growth in the sector in India and emerging markets in the Asia-Pacific region.
The greenfield venture will be set up in the new special economic zone (SEZ) for aerospace at Devanahalli, about 40 km from this tech hub and near the Bangalore international airport.
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