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safran to set up unit in telangana

by:QY Precision      2019-09-25
Safran Electrical & Power is a global leader in aerospace Electrical systems and will establish an Electrical wiring interconnect system unit in Telangana.
The manufacturing facility, which will be invested in 52 crore at Hyderabad airport special economic zone, is expected to create more than 250 jobs, and the company and Telangana government signed a memorandum of understanding on Saturday.
Safran CEO Philip petticolin and Telangana minister of industry Jayesh Ranjan signed a memorandum of understanding in the presence of French Foreign Minister M.
Co-Commerce Minister Suresh Prabhu and Minister of IT and industry of Telangana K. T.
Rama Rao, in India
The signing ceremony of the French Economic Partnership was held in New Delhi.
\"Over the next 12 months, Safran Electrical & Power will deliver the first LEAP electric harness made in India and is destined to prosper
The Safran Group said in another press release.
The Hyderabad facility will be an integral part of the group\'s strategy to establish itself in India, serving \"very active local markets as well as existing European and American markets. Mr.
Petit Colin said, \"The new plant reaffirmed our commitment to Indian products and completed our industrial grid in the region through a new high-performance production site.
Safran Electrical & Power employs more than 13,000 people in 12 countries and is part of 16 euros.
5 billion French multinational company Safran Group operates in the aircraft propulsion and equipment, space and defense markets.
In the context of French President Emmanuel Macron\'s visit to India, he announced the opening of a factory in India.
\"The production of the plant will also have the potential to meet any potential needs of the group\'s projects involved in the region,\" the press release said . \".
The state government will facilitate Safran E & P and its affiliates Safran India & Power India to obtain the necessary permits, registrations, approvals and permits in accordance with existing facilities, rules and regulations.
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