A statement said that French aviation giant Safran Group will set up a maintenance, repair and overhaul facility for its aircraft engines in Hyderabad with an initial investment of US$150 million (about Rs. 1,200 crore) thus creating around 1,000 new jobs. From Minister of Information Technology and Industry KT Rama Rao.
The French multinational is a major player in the aerospace and defense sector and is known for its design, development and manufacture of aircraft and missile engines.
To announce this, the minister on Wednesday took to Twitter and said that this facility will be the largest MRO in Safran globally and will be the first MRO engine built by a global OEM in India. “Excited to welcome the decision of the SAFRAN Group to select Hyderabad for the Mega Aero Engine MRO in India. This will be SAFRAN’s largest MRO globally and will be the first MRO engine built by a global OEM in India.”
excited to welcome @saffron Group decision to select Hyderabad for India’s Mega Aero Engine MRO
This will be SAFRAN’s largest MRO globally and will be the first MRO engine built by a global manufacturer in India pic.twitter.com/gzYdfe4SB3
– KTR (KTRS) 6 July 2022
He said, “The initial investment for the MRO cell and engine test will be US$150 million and is expected to create 800-1,000 highly skilled jobs. Its market-leading air engines will serve Leap 1A and Leap 1B used by Indian and foreign commercial airlines.” ( so)
According to him, “This engine MRO project is expected to have a huge multiplier effect on the local aviation industry and the aviation ecosystem in Telangana. Through this landmark investment, Hyderabad has established itself as the most dynamic and dynamic space valley in India.”
In recent years, Hyderabad has made significant bids on the aviation and air defense sector with companies such as Lockheed Martin Corporation, GE Aviation, Boeing and others to set up their facilities in the city. Rama Rao had earlier said that the state government is boosting the space sector with seven special economic zone parks in Hyderabad.