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.
About QuEST Global
We are Quest Global. We’re in the business of engineering, but what we’re really building is a brighter future. It’s not just what we do, but why we do it that makes us different. We believe engineering has the unique opportunity to solve the problems of today that stand in the way of tomorrow. For 25 years, we have strived to be the most trusted partner for the world’s hardest engineering problems. As a global organization headquartered in Singapore, we live and work in 17 countries, with 56 global delivery centers, driven by 13,000+ extraordinary employees who make the impossible possible every day. Quest Global brings deep industry knowledge and digital expertise to deliver E2E global product engineering services. We bring together technologies and industries alongside the contributions of diverse individuals and their areas of expertise to solve problems better, faster. This multi-dimensional approach enables us to solve the most important and large-scale challenges across the Aerospace & Defense, Automotive, Energy, Hi-Tech, Healthcare, Medical Devices, Rail and Semiconductor industries.
Anubhuti Agarwal: Anubhuti.Agarwal@quest-global.com