(This article was published on January 13, 2017 - The Hindu Business Line.)

3F Group glides into aerospace & defence; to invest ₹500 crore


The $600-million Hyderabad-based 3F Group has diversified into aerospace and defence. It plans to invest about ₹500 crore to set up assembly facilities for unmanned aerial systems and composite materials.
3F Advanced Systems, the newly created division, has teamed up with European major SaaB-UMS to showcase the UMS Skeldar V-200 VTOL (vertical take-off and launch) remotely piloted aerial systems, at the Benguluru Aero Show next month.

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Ashiis Goenka, Founder and Managing Director
3F Advanced Systems