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Bangalore, Feb. 9 The Maini group-owned Maini Precision Products has launched a new company, Maini Global Aerospace P Ltd.

Dr C.G. Krishnadas Nair, former Chairman of HAL, is its Chairman, MPP said.

It aims to become a tier-one aerospace contractor in the next five years, a release said.

The new company will focus on aircraft structures, power plant components and modules, mechanical accessories etc

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