Hyderabad: According to a statement by IT and Industries Minister KT Rama Rao, French aviation giant Safran Group will establish an MRO facility for its aircraft engines in Hyderabad at an initial expenditure of USD 150 million (about Rs 1,200 crore) and consequently create about 1,000 new job opportunities.
The minister made the announcement on Twitter on Wednesday. He added that this facility will be Safran’s largest MRO globally and the first engine MRO created by a multinational OEM in India. “Jubilant to welcome @SAFRAN group’s decision to select Hyderabad for its Mega Aero Engine MRO in India. This will be SAFRAN’s largest MRO globally and will be the first Engine MRO established by a global OEM in India,” he tweeted.
The French multinational company is a significant force in the aerospace and defence industries and is renowned for its designs, development, and production of rocket and aircraft engines.
He said, “the MRO and engine test cell will have an initial investment of 150 million USD and is expected to create 800 – 1000 high skilled employment. It will serve their market-leading Leap 1A and Leap 1B aero-engines used by Indian and foreign commercial airlines.”
With businesses like Lockheed Martin Corporation, GE Aviation, Boeing, and others located in the city, Hyderabad has recently made a significant move in the aerospace and aviation defence sector. Rama Rao had previously stated that the state government supports the aerospace industry with seven SEZ parks in Hyderabad.
According to him, “this engine MRO project is expected to have a huge multiplier effect on the local Aerospace manufacturing and Aviation ecosystem in Telangana. With this marquee investment, Hyderabad has established itself as the most vibrant and happening Aerospace valley of India.”