A high-level delegation of the French company Safran Group led by its CEO Mr. Olivier Andries called on Raksha Mantri Shri Rajnath Singh in New Delhi. Safran is one of the leading original equipment manufacturers of advanced aircraft engines for civil and fighter jets.
During the meeting, the CEO of Safran briefed the Raksha Mantri on their company’s plans to set up a Maintenance, Repair, and Overhaul (MRO) facility in India for an overhaul of LEAP-1A & LEAP-1B engines in use by Indian and foreign commercial airlines. The MRO facility through the direct foreign investment of USD 150M in Hyderabad is expected to create 500-600 highly skilled jobs. The facility will be able to overhaul over 250 engines per year in the beginning.
The CEO also briefed Shri Rajnath Singh of their plan to inaugurate this week Safran Aircraft Engines and Safran Electrical & Power India Pvt Ltd. – both to come up in Hyderabad and Safran-HAL Aircraft Engines as a joint venture in Bengaluru. Safran aircraft engine, Hyderabad, with an investment of Euro 36 million and located on 10 acres of land in the Hyderabad SEZ, will produce parts and components for advanced aircraft engines including rotating seals.
Safran Electrical & Power India Pt Ltd will produce harness for civil and fighter jets. The joint venture between Safran and HAL is for the production of rigid piping for aircraft engines including helicopter engines. The joint venture is expected to hire 160 new highly skilled personnel.
The CEO of Safran outlined his company’s long-term plan for the co-development and co-production of advanced jet engines and transfer of technology as per the existing policy of the Government of India. He briefed Shri Rajnath Singh on the capabilities of Safran in areas of technology beyond aircraft engine.