French aerospace firm Safran Aircraft Engines is building a new engine manufacturing plant in Hyderabad to make parts for the LEAP turbofan engine from CFM International. Towards this, Safran will be investing 36 million euro in this new plant, which will cover 13,000 square metres, including 8,000 square metres of workshops, in the Special Economic Zone of GMR near the airport.
Construction is set to kick off in June 2019, and will aim at delivering the building and producing the first parts in early 2020. The plant will have about 50 employees by the end of the year to launch operations and will eventually have a workforce of 300.
“We’re delighted to open a new chapter in our long history with the Indian aerospace industry,” Philippe Petitcolin, CEO, Safran said in a statement.
