Quest Global SEZ and Indo Schottle signed a MoU to set up a manufacturing unit
Bangalore, June 03, India: The global aerospace engineering & manufacturing major, Quest Global, today signed a MoU with Indo Schottle to set up a new dedicated facility in the Quest Global SEZ , Belgaum to manufacture and export Engine Parts & Hydraulic Components and cold forged components. Indo Schottle, primarily an automotive major, will be investing INR 20 crore initially in Quest Global SEZ to mark its entry into the Aerospace sector.
Commenting on the occasion, Aravind Melligeri, Chairman & Co-founder, Quest Global, said, “We are delighted to have Indo Schottle, which has over 25 years of experience in the auto industry, to be expanding their operations in Quest Global SEZ and entering into support the aerospace industry.” This also demonstrates Quest Global SEZ’s commitment to build an ecosystem of qualified suppliers to meet supply chain needs for the global aerospace OEM’s and Tier-1’s.”
Vijay Pusalkar, CMD Indo Schottle said „It gives us immense pleasure to be part of the Quest Global SEZ and enter into Aerospace vertical leveraging the other supply base of the SEZ. Quest Global has done a tremendous job in establishing excellent infrastructure at SEZ for the companies to come and operationalize in a very short period of time.”
About Quest Global SEZ
Quest Global SEZ is India’s first ever notified precision engineering Special Economic Zone (SEZ) at Belgaum, Karnataka providing the best-in-class facilities and infrastructure for Aerospace, Automotive and Industrial engineering industries. The development is spread over 300 acres and is currently focused on developing the Aerospace supply chain ecosystem for OEMs, suppliers, ancillary and related end user industries. This enables complete offerings of design to build services, right from the concept to the finished product that can be used to build an aircraft. This is a unique offering from Quest Global that is set to gain widespread appeal in the aerospace industry, as companies consolidate their supply chain and look for more value-add from their suppliers. Along with a facility for Quest Global Engineering and Quest Global Manufacturing, API (Aerospace Processing India Pvt. Ltd.), a joint venture between Quest Global Manufacturing & Magellan Aerospace has also set up a unit for establishing special processing capabilities within the SEZ.
About Indo Schottle:
Indo Schottle Auto parts pvt. Ltd is India’s largest manufacturer of Engine Valve collets, rocker arm screws and turbo charger components. Indo Schottle has its manufacturing facilities in Pune which includes an in-house heat treatment and cold forging facility, In the last two and a half decades, the company has supplied over 400 million parts to its valued OEM customers globally. Indo Schottle has a strength of 850 employees generating a revenue of 100 crores.
Indo Schottle is a TS 16949/ ISO 14001 company. For further information Please log on to www.indoschottle.com
About Quest Global
For more than 20 years, Quest Global has been a trusted global product engineering and lifecycle services partner to many of the world’s most recognized companies in the Aerospace & Defense, Automotive, Energy, Hi-Tech, Medical Devices, Rail and Semiconductor industries. With a presence in 13 countries, 55 global delivery centers and 11,450+ personnel, Quest Global is at the forefront of the convergence of the mechanical, electronics, software and digital engineering innovations to engineer solutions for a safer, cleaner and sustainable world. Quest Global’s deep domain knowledge and digital expertise help its clients accelerate product development and innovation cycles, create alternate revenue streams, enhance consumer experience and make manufacturing processes and operations more efficient.
Kapil Singhal: [email protected]