JK Maini Global Aerospace (JKMGAL), the aerospace and defence arm of Raymond Ltd’s engineering business, is expanding at a 25% rate and has secured an order pipeline worth ₹2,350 crore over the next five years, according to livemint.com. This growth outpaces the company’s precision engineering division, JK Maini Precision Technology.
The expansion is driven by global supply-chain diversification, which has increased demand for aerospace assemblies. Gautam Maini, managing director of the group’s engineering business, highlighted the strategic shift towards aerospace manufacturing amid rising opportunities in India’s manufacturing sector. JKMGAL’s focus on aerospace components has positioned it to capitalize on this trend, surpassing the growth of its precision engineering counterpart.
The aerospace sector in India is witnessing a boom as global companies diversify supply chains away from traditional hubs. JKMGAL’s ₹2,350 crore order book reflects this shift, marking a significant milestone compared to other engineering businesses. The company’s growth aligns with broader industry trends where aerospace manufacturing is becoming a key area of focus, supported by government initiatives and increased investment in defence and aviation infrastructure.
JK Maini Global Aerospace’s order pipeline spans the next five years, indicating sustained demand for its aerospace assemblies. This development underscores the company’s strengthened position in the aerospace and defence manufacturing sector, as reported by livemint.com.