<p>IT major Wipro Ltd's global hydraulics business Tuesday unveiled its aerospace facility in the special economic zone (SEZ) at Devanahalli near the airport on the city's outskirts.<br /><br /></p>.<p>Set up with an upfront investment of Rs.650 million in a 7.2 acre campus, the country's first of its kind plant has an installed capacity to manufacture about 2,000 actuators annually for various aerospace applications.<br /><br />An actuator is a device used to control hydraulic fluid or pneumatic pressure in a mechanical or electronic system and convert this energy into motion.<br /><br />"Our actuators will have various applications in aircraft, including landing gear, flight control systems, engines and utilities," Wipro Infrastructure Engineering president Pratik Kumar said on the occasion.<br /><br />The global actuator systems market is estimated to be around $3 billion.<br /><br />"Our vision is to build a significant presence in the aerospace and defense market, leveraging on our experience and competence in precision engineering and machining space," Kumar said.<br /><br />The company's engineering division tied up in May 2011 with Spanish firm Compania Espanola de Sistemas Aeronauticos SA, a subsidiary of the European Aerospace and Defence Corporation, EADS, to manufacture precision engineering components.<br /><br />"The pact involves technology transfer as well as manufacturing aerospace actuators and related precision engineering components by Wipro for CESA," Kumar said.<br /><br />The company plans to double the investment over the next six years to expand capacity to about 8,000 actuators per annum and add new product lines in precision manufactured components.<br /><br />"We have big plans for this business and are in talks with several players to develop multiple product lines as the facility, with end-to-end capabilities from product development, manufacturing to testing, is well positioned to partner global OEMs/tier-Is, which are looking to extend their supply chains to cost-competitive countries like India and to meet their offset obligations," said engineering business head Sunil Rajagopalan.<br />The facility will commence its serial production in April.<br /><br />Wipro chairman Azim Premji, EADS/Airbus vice-president Klaus Richter and Karnataka's principal secretary (industry) M.N. Vidyashankar were present on the occasion.</p>
<p>IT major Wipro Ltd's global hydraulics business Tuesday unveiled its aerospace facility in the special economic zone (SEZ) at Devanahalli near the airport on the city's outskirts.<br /><br /></p>.<p>Set up with an upfront investment of Rs.650 million in a 7.2 acre campus, the country's first of its kind plant has an installed capacity to manufacture about 2,000 actuators annually for various aerospace applications.<br /><br />An actuator is a device used to control hydraulic fluid or pneumatic pressure in a mechanical or electronic system and convert this energy into motion.<br /><br />"Our actuators will have various applications in aircraft, including landing gear, flight control systems, engines and utilities," Wipro Infrastructure Engineering president Pratik Kumar said on the occasion.<br /><br />The global actuator systems market is estimated to be around $3 billion.<br /><br />"Our vision is to build a significant presence in the aerospace and defense market, leveraging on our experience and competence in precision engineering and machining space," Kumar said.<br /><br />The company's engineering division tied up in May 2011 with Spanish firm Compania Espanola de Sistemas Aeronauticos SA, a subsidiary of the European Aerospace and Defence Corporation, EADS, to manufacture precision engineering components.<br /><br />"The pact involves technology transfer as well as manufacturing aerospace actuators and related precision engineering components by Wipro for CESA," Kumar said.<br /><br />The company plans to double the investment over the next six years to expand capacity to about 8,000 actuators per annum and add new product lines in precision manufactured components.<br /><br />"We have big plans for this business and are in talks with several players to develop multiple product lines as the facility, with end-to-end capabilities from product development, manufacturing to testing, is well positioned to partner global OEMs/tier-Is, which are looking to extend their supply chains to cost-competitive countries like India and to meet their offset obligations," said engineering business head Sunil Rajagopalan.<br />The facility will commence its serial production in April.<br /><br />Wipro chairman Azim Premji, EADS/Airbus vice-president Klaus Richter and Karnataka's principal secretary (industry) M.N. Vidyashankar were present on the occasion.</p>