French aviation giant Safran to set up maintenance facility in Hyderabad, create 1,000 jobs: Minister KT Rama Rao
French aviation giant Safran Group will set up a maintenance, repair and overhaul (MRO) facility for its aircraft engines in Hyderabad at an initial investment of USD 150 million (around Rs 1,200 crore) and thereby create around 1,000 new job opportunities, said a statement from IT and Industries Minister KT Rama Rao.
The French multinational is a major player in the aerospace and defence sector and is known for its designs, development and manufacture of aircraft engines and rocket engines.
Announcing this, the minister Wednesday took to Twitter and said this facility will be Safran’s largest MRO globally and will be the first engine MRO established by a global original equipment manufacturer (OEM) in India.
