Firan Technology Group Corporation announces grand opening of its new FTG Aerospace Hyderabad facility

Firan Technology Group Corporation today announced the opening of its Aerospace facility in Hyderabad, India.

FTG held its Grand Opening of FTG Aerospace Hyderabad, culminating three years of effort to establish an operation in India. The facility is part of FTG's Aerospace business, will have design and manufacturing capabilities, and will be a supplier of cockpit and avionics products.

The rationale for setting up an operation in India is multidimensional and includes:

– supporting western country demands for cockpit and avionics products for both commercial aerospace and defence applications

– better enabling FTG to access the growing Indian aerospace and defence market, and aligning with Prime Minister Modi's "Make in India" policy

– new low-cost capacity, complementing FTG's current operations in China

– opening new global market opportunities for FTG and reducing exposure to restrictive trade policies from some existing markets

CEO Commentary:

"This is another exciting milestone on FTG's path to becoming a truly global aerospace and defence electronics company," stated Brad Bourne, President and CEO of FTG. "We believe this facility will become an important operation for FTG and we look forward to penetrating the Indian aerospace and defence market and supporting Prime Minister Modi's "Make in India" policy. There is still lots of work ahead, including continuing to add and train staff, obtaining industry certifications and customer approvals, and ramping production. We are excited about our future in India and we can't wait to make it another successful part of FTG."