French aerospace and defence major Safran is upbeat on India as it executes a huge pipeline of orders across civilian, defence and space and plans to expand facilities and set up a new maintenance, repair and overhaul (MRO) unit.
The €21 billion revenue company, which supplies its engines for Rafale fighter jets and LEAP family of engines for civil aviation, expects to step up sourcing to €200 million as its expands its supplier base across SMEs.
Alexandre Ziegler, Senior Executive Vice President, International and Public Affairs, Safran Group, said, “I see India and France as strong partners and Safran, with its wide range of customers, is upbeat on the business prospects both for supply of engines in civilian aircraft and also for defence, including fighter jets and helicopters.”
“We have over 600 commercial planes flying in India with our engines and have an order book of over 500 engines, which we expect to deliver over next few years. Though the aviation sector has been hit by the pandemic, we believe that it will bounce back by 2022-23. Towards this, we have set up a manufacturing facility in Hyderabad and are considering setting up of a MRO facility in India,” he told Business Line.
The MRO facility could entail an investment outlay of about €150 million. Ziegler said, “Safran has a presence in India of over 60 years in the core markets of aerospace and defense.