Defense Minister Rajnath Singh met on Tuesday with a high-level delegation from the French group Safran led by its CEO Olivier Andries in New Delhi.
Safran is a leading supplier of advanced aircraft engines for civil and combat aircraft.
We had a wonderful interaction with the CEO of SAFRAN, Mr. Olivier Andriès in New Delhi today.
India looks forward to further strengthening its commitments with SAFRAN as we seek co-development, co-production and capacity building in our defense and aviation industry sector. pic.twitter.com/FeprRmwz7t
— Rajnath Singh (@rajnathsingh) July 5, 2022
During the meeting, Andries briefed Singh on their company’s plans to set up a maintenance, repair and overhaul (MRO) facility in India for the overhaul of LEAP-1A and LEAP-1B engines used by airlines. Indian and foreign commercial airlines.
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 French defense group Safran also announced the creation of a production plant in Hyderabad to produce parts and components for advanced aircraft engines with an investment of 36 million euros, in addition to a joint venture in big budget with aerospace giant HAL.
“Safran Electrical & Power India Pt Ltd will produce 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. Safran’s CEO outlined his company’s long-term plan for co-development and co-production of advanced jet engines and transfer of technology in line with existing Indian government policy,” the Ministry of Defense said in a statement. a statement.