GE Aerospace to invest $30 million in Indian facility making aircraft engine parts
File photo of GE Aerospace logo.
American Firm General Electric Aerospace (GE Aerospace), among the few aircraft engine makers in the world, has announced an investment of Rs. 240 crores or approximately $30 million in their existing Indian facility in Pune Maharashtra.
Inaugurated by Indian Prime Minister Narendra Modi in February 2015, the GE Aerospace factory produces components for commercial jet engines. These are supplied to GE’s global factories where they are used to assemble aircraft engine variants -G90, GEnx, GE 9X etc.
The latest investment will allow the Pune facility to add new projects and manufacturing processes by acquiring machines, equipment, and specialised tools, along with capacity enhancement of existing products.
According to the firm, the facility has been instrumental in developing local aerospace manufacturing talent having trained over 5,000 people since inception in specialised aerospace precision manufacturing processes.
Earlier this week, the American conglomerate GE completed a multi-year financial and operational transformation, which led to the creation of three independent public firms - GE HealthCare, GE Vernova, and GE Aerospace.
