French group Safran to set up $150m MRO facility for commercial airlines in Hyderabad

A high-level delegation from the Safran Group, a leading supplier of advanced aircraft engines for civil and combat aircraft, met with Defense Minister Rajnath Singh on Tuesday and announced its intention to set up a maintenance, repair and overhaul (MRO) facility for commercial aircraft. airlines in India.

The MRO facility, through a $150 million foreign direct investment in Hyderabad, is expected to create 500-600 highly skilled jobs, the Ministry of Defense said in a statement after the group’s delegation meeting Safran led by its CEO Olivier Andries with the Minister of Defence. The facility will be able to overhaul more than 250 LEAP-1A and LEAP-1B engines used by Indian and foreign commercial airlines per year at the start, the ministry said.

The CEO also informed the Minister of their intention to inaugurate the facilities of Safran Aircraft Engines and Safran Electrical & Power India Pvt Ltd in Hyderabad this week. Safran-HAL Aircraft Engines, as a joint venture, will be based in Bangalore. Safran Aircraft Engine will benefit from an investment of 36 million euros and will be located in the Hyderabad SEZ, he said. It will produce parts and components for advanced aircraft engines, including rotary joints.

cost advantage

Olivier Andries, ministry officials said, 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. Welcoming the announcement of new facilities, the Minister of Defense stressed the importance that India attaches to the strategic partnership with France.

Singh invited Safran for more 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 meet needs competitively and supply to friendly foreign countries. You can take advantage of all the competitive advantages offered by India, including cost advantages and availability of skilled labor,” he said.

Published on

July 05, 2022

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