<p>How are you planning to grow in the value chain?</p>.<p><br /> We are into aerospace design engineering, component and structure development and product development. We see a hierarchy in the value chain comprising these three segments. We accepted the challenge from NAL to build NM5-100, a five-seater plane. It has gone through the required tests and will be ready by June. At our Australian company GippsAero, we are manufacturing 8/10/14 seater turboprop aircrafts. In fact, we are showcasing the Company’s first products, the GA8- TC Airvan and prototypes of NM5-100 at the Aero show in Bangalore.</p>.<p>We have also been making several acquisitions to gain expertise. We started off with the acquisition of Plexon Technologies in Bangalore, which gave us good engineering services technology. We also acquired Australian companies, GippsAero, a manufacturer of small aircraft, and Aerostaff, an aircraft component manufacturer. We have also clinched a deal with Seabird Hawkings. <br /> <br /> Besides “type certification” for the 18-seater aircraft, GippsAero has FAR 23 certification, the highest safety certification for any aviation company. That sets us apart. <br /> <br /> </p>.<p>Would you target the lucrative business jet segment?</p>.<p><br /> There is a natural growth process for any aeronautical company. At the moment we are content with the multi-utility aircraft segment. Of the 5,000 planes sold in general aviation segment, 4,500 are from turboprop.<br /> <br /> Can you explain your investment plans in Karnataka and other parts of India?</p>.<p>Our board has given approval for setting up a 25 acre manufacturing facility in Bangalore at a cost of Rs. 285 crores. We selected Bangalore because of its proximity to airfield and the existence of an aerospace cluster. We are planning to start an MRO at Nagpur as well.</p>.<p><br /> What is your road map to the future?</p>.<p>We are expecting certification of our facilities within the next six months. By 2012, we will have a new technology partner in both the metallic and composite segments. We expect our aerospace division to contribute more than $ 100 million in revenue by 2015.</p>
<p>How are you planning to grow in the value chain?</p>.<p><br /> We are into aerospace design engineering, component and structure development and product development. We see a hierarchy in the value chain comprising these three segments. We accepted the challenge from NAL to build NM5-100, a five-seater plane. It has gone through the required tests and will be ready by June. At our Australian company GippsAero, we are manufacturing 8/10/14 seater turboprop aircrafts. In fact, we are showcasing the Company’s first products, the GA8- TC Airvan and prototypes of NM5-100 at the Aero show in Bangalore.</p>.<p>We have also been making several acquisitions to gain expertise. We started off with the acquisition of Plexon Technologies in Bangalore, which gave us good engineering services technology. We also acquired Australian companies, GippsAero, a manufacturer of small aircraft, and Aerostaff, an aircraft component manufacturer. We have also clinched a deal with Seabird Hawkings. <br /> <br /> Besides “type certification” for the 18-seater aircraft, GippsAero has FAR 23 certification, the highest safety certification for any aviation company. That sets us apart. <br /> <br /> </p>.<p>Would you target the lucrative business jet segment?</p>.<p><br /> There is a natural growth process for any aeronautical company. At the moment we are content with the multi-utility aircraft segment. Of the 5,000 planes sold in general aviation segment, 4,500 are from turboprop.<br /> <br /> Can you explain your investment plans in Karnataka and other parts of India?</p>.<p>Our board has given approval for setting up a 25 acre manufacturing facility in Bangalore at a cost of Rs. 285 crores. We selected Bangalore because of its proximity to airfield and the existence of an aerospace cluster. We are planning to start an MRO at Nagpur as well.</p>.<p><br /> What is your road map to the future?</p>.<p>We are expecting certification of our facilities within the next six months. By 2012, we will have a new technology partner in both the metallic and composite segments. We expect our aerospace division to contribute more than $ 100 million in revenue by 2015.</p>
