JJG Aero Secures $30 Million from Norwest for Capacity Expansion

JJG Aero, an aerospace components manufacturer, has raised $30 million from venture capital firm Norwest to scale capacity. The funding will be used to build a new manufacturing facility, add capacity at existing plants, and invest in advanced processes and sub-assemblies. The company's customers include Collins Aerospace, Safran, GE Aerospace, and Boeing. India's share of the global aerospace components market remains below 2%, leaving significant room for expansion.