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[Text] Aequs is a fast-growing diversified contract manufacturing company providing vertically integrated product solutions across its global customer base in the Aerospace, Toys, and ConsumerGoods industries. In the aerospace sector, manufacturers source parts and raw materials worldwide. Hasbro became our anchor customer.
They responded positively, expressing their interest in sourcing from India due to the offset requirements set by the Indian government. When I started putting efforts towards that – and I made a statement to this effect back in 2008-09 – our goal was to add 100 percent in-country value, and it has taken 15 years to get to that goal.
Companies that may be concerned about the viability or performance of a supplier should consider seeking licenses or other rights that would enable to obtain vital components from another source if the supplier does not meet its obligations. Different sources have articulated different definitions. For example, courts and the U.S.
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