Raymond’s aerospace vertical growth outpaces precision engineering business

While the company has historically operated as a build-to-print manufacturer, it is pivoting its strategy. According to Maini, the firm intends to move up the value chain to capitalize on India’s current manufacturing boom “We know that in the future a lot of manufacturing will be done in India. The momentum is there, and we want to be ready for it.”Since last year, JKMGAL has hired designers to start creating its own parts with its own intellectual property. The company said it has received its first set of orders, but declined to name them.Climbing the value chainTo further boost its growth in the aerospace components engineering space, the company announced last year that it would set up an aerospace manufacturing facility in Andhra Pradesh at a cost of ₹510 crore.“We’re still going to be in precision machining, We are moving up the value chain. So, from components, we’re going to subassemblies, we’re going to assemblies,” Maini said.