French Aerospace giant Safran to develop manufacturing plant in Hyderabad
With the whopping investment of 36 million euros, Safran’s proposed plant will produce parts for the LEAP turbofan engine from CFM International1. This plant will cover 13,000 square meters and will reach a workforce of 300.
In an official communication, CEO of Safran Philippe Petitcolin said, "We're delighted to open a new chapter in our long history with the Indian aerospace industry, thus reasserting Safran's commitment to our "Make in India" strategy"
The plant will include real-time monitoring of production parameters, and the latest integrated inspection methods and other modern processes. The French multinational aerospace company is aiming at the target of 15,000 parts per year to support the LEAP's sustained production rate. The Construction will kick-start from June 2019 and the first product will be out by 2020.
