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 Bangalore,
October 15, 2008 - QuEST
Global, a leading provider of outsourced engineering
services and manufacturing, announced today that it has
received the prestigious Competitive Strategy Leadership
Award from Frost & Sullivan. The award recognizes
India-based Global Commercial Aviation Suppliers in this
space.
The Frost & Sullivan Award for Competitive Strategy
Leadership is presented to the company whose competitive
strategy has led to significant gains in market share during
the research period. QuEST Global has optimally used the
opportunities available in the industry by coming up with
innovative moves like setting up of a SEZ catering to the
Aerospace Industry. This reinforces QuEST’s presence in the
aviation/aerospace supply chain market.
QuEST Global’s foray into manufacturing of sub-assemblies
for aerospace Tier 1 suppliers and OEM’s has moved a step
ahead with the development of its Special Economic Zone (SEZ)
in Belgaum (Karnataka, India) which is strategically located
between Bangalore and Mumbai, and close to Goa.
The QuEST Global SEZ offers a cluster of adjacent Aerospace
capabilities in a convenient location with good road
and rail links and easy access to a deep water port and an
airhead. Thus, along with engineering services and
manufacturing, QuEST Global now has a precision engineering
SEZ, of which are very few in the country. This enables
complete offerings of design to build services, right from
the concept to the finished product that can be used to
build an aircraft. This is a unique offering from QuEST
Global that is set to gain widespread appeal in the
aerospace industry, as companies consolidate their supply
chain and look for more value-add from their suppliers. This
move demonstrates QuEST Global’s thought leadership, which
sets it apart from its competitors as it capitalizes on the
opportunities in the growing aerospace sector.
The SEZ will have a direct impact on the supply chain of the
Indian aerospace industry. Currently, the industry is
completely segmented. This SEZ is aimed at creating a
complete supply chain for the Indian aerospace industry as
well as for the global market. This SEZ will act as a
platform for Foreign Direct Investment companies to enter
into India.
“The precision engineering SEZ being promoted by QuEST
Global will provide best-in-class facilities and
infrastructure for the global aerospace industry. The SEZ,
set to be operational by year end, is spread over 300 acres
and will provide an ecosystem for OEMs, their suppliers, all
ancillary and related end user industries to set up
precision manufacturing and engineering units. The strategic
advantage of having players across the value chain in
aerospace manufacturing in the SEZ, would be the amount of
time saved for logistics, which is highly time consuming in
the case of aerospace systems and assemblies. Since each
unit in the SEZ would be a specialist in their own segment,
this presents a win-win situation.” notes Frost & Sullivan
Research Analyst John Siddharth.
“This prestigious award is a recognition and an endorsement
of our efforts in providing our customers with a complete
value-added service, by progressively moving up the value
chain from engineering services to manufacturing to an
aerospace supply chain ecosystem SEZ. Additional consultancy
services in the form of turnkey solutions to set up
businesses in the field of precision engineering sets QuEST
Global SEZ far apart from its competitors.” said Aravind
Melligeri, Chairman & Co-founder, QuEST.
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