November 23, 2017, Bengaluru: Maini Precision Products (MPP) recently inaugurated its new dedicated aerospace manufacturing plant at Bommasandra Industrial Estate, Bengaluru. The 60,000 sq.ft large facility was inaugurated by Shri R V Deshpande, Minister for Medium and Heavy Industries, Government of Karnataka.

MPP's concentration is building up in three verticals of aerospace – Engines, Structures, and Systems. This demanded that the company have a much larger factory to accommodate their growth trajectory. For customer partners too, it was essential that they be able to visualise and have confidence that the company had assigned an exclusive aerospace unit to meet the long-term programmes and requirements of its partners.

The facility that originally housed Maini Materials Movement (MMM) and subsequently Reva Electric Car Company has been completely renovated with additions at a cost of INR 7 crore comprising an area of office and factory of 60,000 sqft. Earthwork has started on Phase 2 and will be completed by June 2018 with an additional 40,000 sqft. This will create a base for the aerospace division to grow on an exponential basis to at least 400% from the current level it is at," said Mr Gautam Maini, Managing Director, Maini Precision Products.

Dr Sudarshan K Maini, Founder, Maini Group, said, “This for me is one more in the many stages of a momentous journey. It is a journey that has seen many challenges and triumphs, one that I’ve shared with many extraordinary fellow travelers the journey continues, towards new destinations, with ever more opportunities waiting to be met.”

"A new dedicated plant would permit us the flexibility to meet the supply chain requirements of aerospace leaders, Tier Ones and OEMs for rapidly building up a technology value chain that would position us as their strategic partner for their global requirements as well as Make-in–India initiatives," explained Mr Naresh Palta, who represents the group’s corporate interests in Aerospace.

After unveiling a granite plaque that was then signed by the Honourable Minister, Dr SK Maini, Dr KK Nohria and other members of the Maini Group and their key customers, Shri R V Deshpande spoke of his long association with Dr S K Maini and his wife Reva Maini. Commenting on MPP’s new aerospace facility, he said that aerospace was the fastest growing industry in the country and that he was extremely happy that Maini Precision Products is contributing in such a large way to further grow this industry in the state.

Shri Deshpande said, “In the next eight years I foresee that India will be a super power as far as manufacturing is concerned. With programmes like Make in India, Start Up India and several others running so successfully, and with the support of industrialists like the Maini Group, we can only look towards a very bright future. Karnataka stands number one in investment in the country as per figures recently released by the Chamber of Commerce and Industries.

"With the current orders that have been placed and the current machines MPP has, the number of machines will reach close to 90 soon and will increase further with the current visibility in our awarded programs. The consistent performances in terms of quality and delivery, as well as competitiveness in the global market, have attracted the interest of more and more customers. It was then assessed that to keep up with the continuing flow of more and more work from current and new customers, we needed to enlarge the plant facility. Also from a long term growth perspective it was envisaged that the time has come to create a dedicated facility for aerospace.” said Sandeep Maini, Chairman – Maini Group

MPP has been aggressively hiring the best engineering and manufacturing talent in the market who will cater to their new projects and is looking to hire further resources in pursuit of larger and more complex projects. This expansion of talent has also been a factor for the setup of a dedicated aerospace facility.

Caption

Mr Sandeep & Mr Gautam Maini, along with Shri R V Deshpande, Dr S K Maini and Dr K K Nohria at the inauguration ceremony of the aerospace facility in Bommasandra, by Maini Precision Products