French company Safran to create aircraft engine parts unit
The GMR Hyderabad Aviation SEZ Limited (GHASL) was chosen by the French aerospace company Safran to set up its Rs 260 cr, 13,000 mÂ² plant, intended for the manufacture of aircraft engine parts, for the LEAP turbojet engine of CFM International.
LEAP engines power over 700 Airbus A320neo and Boeing 737 MAX commercial airliners, 54 of which are operated by Indian airlines.
Construction should start by June 2019 with the production of the first parts by early 2020. The plant will have around 50 employees by the end of 2019 to start operations, and will eventually have 300 people. By 2023, the plant is expected to deliver 15,000 pieces per year.
Safran signed an agreement in 2018 to produce LEAP engine harnesses in a 4,000 mÂ² plant delivered by GHASL. Safran is an international high-tech group, present in the propulsion and aeronautical equipment, space and defense markets.
GBS Raju, Business Chairman – Airports, GMR Group, said: âSafran’s presence adds great value to the niche aerospace cluster that GMR is developing at Hyderabad Airport City. This agreement not only gives us an opportunity to develop the state-of-the-art manufacturing facility for the company, but also a prospect of contributing to the aggressive efforts of the Telangana State Government to make Hyderabad the new manufacturing destination of aerospace and defense in India.
“Very happy to welcome Safran’s new investment in Telangana,” tweeted the incumbent president and former IT minister of Telangana Rashtra Samithi, K Taraka Rama Rao.