New Delhi (India), July 18: Sagar Asia, one of the most renowned aluminium extrusion and access system manufacturers in India, announces the signing of 2 MOU’s - one with NIJL Aircraft Docking of the Netherlands and the second one with Reroy Group Ltd (RGL), Ghana .
These MOU’s count among Sagar Asia’s recent big successes and will contribute to the Indian economy as well. Sagar Asia Group is engaged in the manufacturing of Aluminium Extrusions, Ladders, Scaffolds, Bridges, Platforms, Wind Tower Internals (comprising of Ladders, Fall Arrestor Systems, Service Lifts, Mechanical Tower Internals, and others), Aviation Docking Systems, Aluminium Architectural Systems, and other value-added products in India. The products conform to American and European standards.
Sagar Asia MOU with - NIJL, Netherlands
NIJL Aircraft Docking is a globally popular provider of maintenance stands, platforms and docks for the aviation, train, automotive, truck, space and shipbuilding industries. The company has been serving the market for 50 years. This month the CEO of NIJL, Nobert Pieterse, and the Co-Owner Marcus Franciscus Huitink were on a visit to India and organised meetings with key stakeholders and potential customers of Aircraft Maintenance Support Systems in Delhi and other parts of the country.
NIJL has zeroed in on Sagar Asia as their first preference and has signed an initial MOU. This joint venture, including the value of technology, engineering and infrastructure, has an outlay of about Rs.100 crores and will bring a revenue of Rs.500 crores by exporting aviation docking systems globally.
This joint venture will allow Sagar Asia to contribute to the nation's drive to limit foreign exchange outflows, provide more job opportunities, and strengthen the Indian MRO industry. It will also encourage India’s substantial advancements by developing a sustainable end-to-end ecosystem for commercial, general and military MRO activities.
Sagar Asia also has been supplying aircraft docking systems to GMR Airport Hyderabad, Airod in Malaysia and to Air India. In addition, Sagar Asia is also Hindustan Aeronautics Limited's regular and preferred provider for their helicopter docking system requirements.
NIJL is an experienced brand in co-manufacturing and subcontracting its products and services with strategic partners located worldwide. Hopefully, this Indo-Dutch joint venture will help to a significant outgrowth in the aircraft manufacturing industry of India.
Sagar Asia MOU with Reroy, Ghana
Out of all the African nations with whom we at Sagar Asia have interacted during the 18th CII Exim Bank India – Africa conclave that was held in Delhi from 14-16 June 2023 in New Delhi., we have identified Ghana as one of the most promising investment destinations due to its stable political environment, robust economic growth, strategic location, and abundant natural resources.
We are keen to progress with a like-minded entity from Ghana for the purpose of establishing a manufacturing facility, generating employment, and developing infrastructure, among others.
To take this ahead, Sagar Asia Private Limited (SAPL), one of the most renowned aluminium extrusion and access system manufacturers with its registered office in Survey No 379 – 382, Kallakal, Medchal Dist of Telangana, India, represented by V Vidyasagar, Managing Director have signed an MOU with Reroy Group Ltd (RGL), a company registered under the provisions of the Ghana Company Code, 1963, Act 179 having its registered office at 4th Floor, Accra World Trade Centre, Accra, Ghana represented by its Chairperson, Ms Kate Quartey – Papfio on 19th June 2023 in New Delhi.
This MOU will serve as a foundation for our mutual collaboration, providing a framework for cooperation and outlining the key terms, responsibilities, and commitments of both parties involved.
The Reroy Group Ltd is engaged in the business of Electrical manufacturing, real estate development, Cables & Wires, industrial ventures and investments, information technology and communication and has approached SAPL to set up manufacturing facilities in Ghana.
SAPL and RGL intend to start a Joint Venture Company in India and/or Africa as a JV Company for designated Sagar Asia products. The JV Company will be catering to the territory of Africa and/or Indian and Global markets. Investments into the JV company will be discussed mutually, considering technology and markets in the territory to be finalised.
SAPL will set up facilities in Ghana to manufacture a select range of products from their product basket for consumption in Africa and exports to Europe and other countries in Africa. SAPL shall design the layout, install and commission the equipment with trial runs and shall depute managers from Indian factories.
Sagar Asia: https://www.sagarasia.com/