A high-level delegation from the French group Safran, led by its CEO, Mr. Olivier Andries, visited Raksha Mantri Shri Rajnath Singh in New Delhi on July 05, 2022. Safran is one of the main aircraft engine suppliers state-of-the-art for civil and fighter aircraft. jets.
During the meeting, Safran’s CEO briefed the Raksha Mantri on his company’s plans to set up a maintenance, repair and overhaul (MRO) plant in India for the overhaul of LEAP-1A and LEAP- 1B used by Indian and foreign sales reps. Airlines companies. The MRO facility, through a US$150 million foreign direct investment in Hyderabad, is expected to create 500-600 highly skilled jobs. The facility will be able to overhaul more than 250 engines per year initially.
The CEO also informed Shri Rajnath Singh of their plans to inaugurate this week Safran Aircraft Engines and Safran Electrical & Power India Pvt Ltd., both in Hyderabad, and joint venture Safran-HAL Aircraft Engines in Bangalore. Safran Aircraft Engine, Hyderabad, with an investment of 36 million Euros and located on 10 acres of land in the Hyderabad SEZ, will produce parts and components for advanced aircraft engines, including rotating joints.
Safran Electrical & Power India Pt Ltd will produce wiring harnesses for civil and fighter aircraft. The joint venture between Safran and HAL concerns the production of rigid pipes for aircraft engines, including helicopter engines. The joint venture should hire 160 new highly qualified employees.
Safran’s CEO outlined his company’s long-term plan for co-development and co-production of advanced jet engines and technology transfer in line with existing Indian government policy. He briefed Shri Rajnath Singh on Safran’s capabilities in technology areas beyond aircraft engines.
The Raksha Mantri noted the great importance that India attaches to the strategic partnership with France. It hosted new facilities in Hyderabad and joint venture in Bengaluru. He invited Safran for other co-development and co-production projects in India, in line with the Indian government’s “Make in India, Make for the World” and “Aatmanirbhar Bharat”. “We are a big market. However, we are increasingly focusing on manufacturing in India to competitively meet needs and supply friendly foreign countries. You can take advantage of all the competitive advantages offered by India, including cost advantages and the availability of trained manpower,” he said.The Raksha Mantri asserted that both countries can contribute to the capacity building of the other.
(With GDP entries)