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Aerospace parts maker IIG Aero raises $12 mn to hike capacity.
The Business Guardian
|April 16, 2024
Bengaluru-based aerospace components manufacturer, JJG Aero, has secured USD 12 million (Rs100 crore) in inaugural funding from CX Partners which will be used primarily to increase its new facility's manufacturing capacity, further vertical integration, and other corporate initiatives.
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Established in 2008, JJG Aero specialises in manufacturing build-to-print high-precision machined components, with in-house special process finishing capabilities. The funding comes at a time when the aerospace supply chain is facing all-time high demand from aircraft manufacturers, which legacy vendors in the Western world are struggling to meet.
The global geopolitical issues, economic stability and Government support make India ideally placed to benefit from this deal.
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