US-based aircraft engine supplier GE Aerospace has announced that it will invest $30m to expand and upgrade its manufacturing facility in Pune, India.
The infusion of funds will allow the Pune facility to add new projects and manufacturing processes by acquiring equipment and specialised tools along with capacity enhancement of existing products.
According to Mike Kauffman, vice president of global supply chain at GE Aerospace, “Our team at the multi-modal manufacturing facility in Pune has a strong focus on safety, quality and delivering for our customers. I am delighted to see the expansion at this site which has already become a strong contributor to our global supply chain of aircraft engine components.”
“This investment helps us to continue our growth in aerospace in India, giving us the resources, we need to meet increasing customers’ demand,” added Amol Nagar, managing director for GE Aerospace’s Pune facility.
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The facility, launched in 2015, focuses on manufacturing components for commercial jet engines. Since its opening, the plant has been crucial in nurturing a local workforce by training over 5,000 individuals in aerospace precision manufacturing processes.
This latest investment further justifies India’s position as one of the leading FDI destinations of choice in recent times. In the aerospace sector alone, Pratt & Whitney has invested in a new India Digital Capability Centre (IDCC) while Saab has also announced plans to build a new missile facility in the country.
Headquartered in Cincinnati, GE Aerospace provides jet and turboprop engines, components and integrated systems for commercial, military, and general aviation aircraft. It has recently emerged as a separate public company listing on the New York Stock Exchange, following the spin-off from General Electric.
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