HUBBALLI, Nov 23: Aequs Chairman and CEO Aravind Melligeri signed an MoU with KLE Technological University (KLETU) to set up Aequs Innovation Centre on the institution’s campus in Hubballi.
A diversified contract manufacturing company Aequs has already started operating in Hubballi-Dharwad and Belagavi. It is also involved in setting up of toy cluster in Koppal.
Addressing mediapersons in Hubballi, Melligeri said that the Hubballi-Dharwad plant has produced 3 million cookware units and aims to produce 6 million units by March 2023. Later, production will be ramped up to 5 million units every year with exports starting in December.
Melligeri expects Hubballi to emerge as a non-stick cookware manufacturing hub.
So far, over 5,000 employees are working in Aequs in Hubballi and Belagavi.
Professor Ashok Shettar and others were present.