French engine maker, Safran, plans to set up a Maintenance, Repair and Overhaul (MRO) facility in India for the overhaul of engines in use by Indian and foreign commercial airlines. This was discussed during a meeting of a high-level delegation of the Safran Group, led by its CEO Olivier Andries, with Defence Minister Rajnath Singh on Tuesday.
“The MRO facility through direct foreign investment of $150 million 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,” a Defence Ministry statement said.
Mr. Andries also briefed Mr. Singh of their plan to inaugurate this week, Safran Aircraft Engines and Safran Electrical & Power India Private Limited, both to come up in Hyderabad, and Safran-Hindustan Aeronautics Limited (HAL) Aircraft Engines as a joint venture in Bengaluru.
