French aerospace company Safran on Tuesday announced that it was going to invest 36 million euros in Telangana to build a turbine component manufacturing facility for its advanced LEAP commercial jet engines.
The new plant, set to come up near an electric wiring facility the company set up last year in GMR Special Economic Zone near the airport, will start production in early 2020, according to Safran chief executive officer Philippe Petitcolin.
The plant will make parts for the LEAP turbofan engine from CFM International, which is a 50:50 joint venture between Safran and GE.
