PM Modi inaugurates Safran Aircraft Engine Services India facility in Hyderabad
Hyderabad (PTI): Prime Minister Narendra Modi on Wednesday virtually inaugurated French major Safran's maintenance, repair and overhaul facility for LEAP engines that power commercial aircraft.
The Safran Aircraft Engine Services India (SAESI) facility in the city will be operational in 2026 and will be a major boost for the country's indigenous capabilities in the fast-growing aviation sector.
The facility, set up with an initial investment of Rs 1,300 crore, is for the LEAP (Leading Edge Aviation Propulsion) engines, which power the narrow-body Airbus A320neo and Boeing 737 MAX aircraft.
LEAP engines are manufactured by CFM International, an equal joint venture between Safran Aircraft Engines and GE Aerospace.
India is one of the world's fastest growing civil aviation markets and domestic carriers have placed orders for over 1,500 planes.
Designed to service up to 300 LEAP engines annually, SAESI facility will employ over 1,000 highly skilled Indian technicians and engineers upon achieving full operational capacity by 2035, the Prime Minister's Office (PMO) had said in a release on Tuesday.
It had also said that developing indigenous capabilities in MRO will reduce foreign exchange outflows, create high-value employment, strengthen supply-chain resilience and position India as a global aviation hub.
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India moving towards becoming global economic powerhouse: Kovind
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Amritsar (PTI): Former president Ram Nath Kovind on Friday said that with digital transformation, economic reforms and a strong focus on the ease of doing business, India is moving towards becoming a global economic powerhouse.
He was speaking after inaugurating the 19th edition of the Punjab International Trade Expo (PITEX) in Amritsar.
The former president said that this 19th edition of PITEX is being organised at a time when India is recognised as one of the fastest-growing large economies in the world.
Speaking at the inaugural ceremony of the event organised by the PHD Chamber of Commerce and Industry (PHDCCI) the former president, while referring to Punjab, said the state is a living example of courage, sacrifice and enterprise.
"The spiritual light of Sri Harmandir Sahib (Golden Temple) inspires peace and humanity across the world. The heritage of Punjab is deep and inspiring," Kovind said, according to a statement issued by the PITEX.
The former president congratulated the PHDCCI for hosting the 19th edition of PITEX and suggested that the chamber should expand PITEX outside Punjab.
He proposed that a similar event should also be held in New Delhi.
