Raymond’s aerospace vertical growth outpaces precision engineering business

Although the company has operated as a production-to-print manufacturer in the past, it is changing its strategy. According to Maini, the firm plans to move up the value chain to capitalize on India’s current manufacturing boom “We know there will be a lot of manufacturing in India in the future. The momentum is there and we want to be ready for it.” Since last year, JKMGAL has recruited designers to start creating their own pieces with their intellectual property. The company said it had received its first set of orders but declined to name names. Moving up the value chain To further boost its growth in aerospace components engineering, the company last year announced it would set up an aerospace manufacturing facility in Andhra Pradesh at a cost of €200,000. ₹“We’re still going to be in precision machining, moving up the value chain. So we’re going from components to sub-assemblies, we’re going to assemblies,” Maini said.