Safran vows to raise sourcing from India by five times

Safran CEO Olivier Andriès also vowed that it will triple its revenue in India to exceed 3 billion euros by 2030, of which half will be generated by its sites in India.

- 

Global defence and aviation major Safran on Wednesday affirmed that it will “multiply by five” its sourcing from India, as it inaugurated its largest MRO (maintenance, repair, overhaul) centre for the CFM International LEAP engine in Hyderabad.

The inauguration event was virtually attended by Prime Minister Narendra Modi from the national capital.

Safran CEO Olivier Andriès also vowed that it will triple its revenue in India to exceed 3 billion euros by 2030, of which half will be generated by its sites in India.

Safran CEO Olivier Andriès said, “I want to thank Prime Minister Narendra Modi and the Indian Government for their support and trust, which makes our growth in India possible. The two new MRO centers in Hyderabad dedicated to the LEAP and M88 engines -- and our new joint venture with BEL-- underscore India's importance to our Group. We're proud to support the rapid growth of India’s civil and defense aerospace markets and actively contribute to the country’s Make in India policy and strategic autonomy.”