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Tata Precision to enter into aerospace sector

N. Ramakrishnan

SINGAPORE: Tata Precision Industries Ltd. (TPI), based in Singapore, plans to make components for the aerospace industry. The company is into precision machining, tool design and manufacturing, plastic injection moulding and fine blanking and supplies parts to Tier-I auto component manufacturers in Singapore, Malaysia and Germany.

The company has identified the aerospace industry as a growth area, especially since the Singapore Government is trying to promote the country as an aerospace hub in the region. Also, TPI was till recently making parts for the electronics industry, which business has now almost completely shifted to China owing to its cost advantage. This transition to making parts for the aerospace industry should be completed by 2007-end, according to Vikram K. Kuriyan, who heads TPI.

Tax breaks

TPI is a subsidiary of Tata Motors and counts among its clients Tier-I component manufacturers such as Meritor, BorgWarner and Autoliv. Its turnover is Singapore $8 million (about Rs. 24 crore).

Mr. Kuriyan told a team of visiting Indian journalists that the scope for the aerospace industry was quite large and TPI was in talks with some companies to supply parts. He declined to name these companies. TPI could look at parts such as engine casing and mounting brackets.

The Singapore Government, he said, was prepared to give tax breaks in its efforts to promote the country as an aerospace hub.

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