Rane Group To Foray Into Aerospace, Defence

Auto component manufacturer Rane Group is planning to foray into defence and aerospace sectors and would look at acquisitions for technology.L Ganesh, vice chairman, Rane Holdings Ltd, said the group was actively looking at defence and aerospace segments, adding, "if it makes sense to go for a joint venture by roping in a new partner, we will certainly look at it".He also said the company was open to inorganic growth. "If we get good opportunities, we will look for acquistions for both technology and capacity. As our customers go global we will also follow them. For capacity instead of greenfield, we can look at acquisition model," said Ganesh.Describi

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