The Rs 150 crore new facility, will help generate additional revenue of Rs 300 crore annually over the next three years, the company said.
The facility spans 40,000 square feet and will generate 200 new employment opportunities for skilled workers.
The facility also marks the company’s foray into surging global market for aerostructures , which is currently valued at about USD 70 billion annually.
Through increased aircraft production and defence programs worldwide, the new facility positions the company to capture a substantial USD 100 million revenue share within the next three years.
The new facility is in addition to its existing manufacturing of aero engine and medical components for export.
The company also partnered with DMG MORI, a Japanese high-precision machine maker, for machines in the new facility.
The new facility was inaugurated by Masahiko Mori, President, DMG Mori.
TASE’s major plan is to expand its business in European markets, and the company will gradually reduce its exposure to the US from 90 per cent to 40 per cent this year, amid impact from the US tariffs, Sankararaman Vaidyanathan, Chairman, TASE Global said at a media interaction.
He said these initiatives fulfil TASE’s role as an end- to end partner for major Tier -1 OEMs in Europe, Japan, America and the APAC regions.
Vaidyanathan said in the next phase a 30,000 square feet surface treatment facility incorporating a Zero Liquid Discharge system with an Investment of Rs 40 crore will be launced in the facility by April 2026.
Also, with an investment of Rs 60 crores a 40,000 square feet semiconductor division will come up and with a target to commence full operations by December 2026.
