SARGAD and Telangana Government Sign MOU for $100M Aerospace Investment
SARGAD LLC and the Government of Telangana have signed a Memorandum of Understanding to invest $100 million in the AeroNxt initiative, aimed at modernizing India's aerospace and defense manufacturing ecosystem. The partnership will enhance MSMEs, develop precision components, and establish a Center of Excellence, addressing supply chain gaps and promoting job creation and skill development in the region.
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SARGAD LLC and the Government of Telangana signed a Memorandum of Understanding to invest $100 million in modernizing India's aerospace and defense manufacturing ecosystem through the AeroNxt initiative. The partnership will focus on upgrading MSMEs, developing precision components, and establishing a Center of Excellence for aerospace. The initiative aims to address supply chain gaps and support global aircraft manufacturers while fostering job creation and skill development in Telangana's industrial ecosystem.
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