New Delhi
Following its debut as a standalone entity listed on the New York Stock Exchange, GE Aerospace has unveiled plans to invest over Rupees 240 crore (approximately USD 30 million) in expanding and modernizing its manufacturing facility in Pune.
The infusion of capital will enable the facility to embark on new projects and manufacturing processes by procuring machinery, equipment, and specialized tools, while also enhancing the capacity of existing products.
Mike Kauffman, Vice President of Global Supply Chain at GE Aerospace, expressed satisfaction with the expansion, highlighting the facility’s commitment to safety, quality, and customer satisfaction.
Amol Nagar, Managing Director of GE Aerospace’s Pune facility, underscored the significance of the investment in fueling the company’s aerospace growth in India that helps to continue the growth in aerospace in India, giving them the resources, needed to meet increasing customers’ demand.
Inaugurated by PM Modi in February 2015, the factory specializes in producing components for commercial jet engines, contributing to the assembly of renowned engines such as G90, GEnx, GE 9X, and LEAP engines by CFM, a joint venture between GE and Safran.
According to a company release, the facility is certified under ISO14001 & ISO45001 and upholds environmental best practices and community stewardship.
