Newsletter
GE Aerospace will invest $14 million to expand capacity at its manufacturing facility in Pune.
The deets: the announcement follows a $30 million capital infusion into the facility last year. This site manufactures components for engines such as the GE90, GEnx, GE9X, and LEAP.
These engines are widely used in commercial jet airliners like Boeing 777 or Boeing 787 dreamliner.
What will both the parties get: with this investment, GE plans to bring more automation into its manufacturing process. Its Pune facility supplies a sizable share of the company’s advanced commercial aircraft engines.
While local talent gets specialised expertise as the company has trained over 5,000 workers in precision manufacturing at this base in the past decade.
Big picture: over the past decade, aviation giants like Airbus and Boeing have sourced $2 billion worth of components from India, reinstating India’s position as a reliable aerospace parts supplier.
With the aerospace components industry in India expanding steadily at 6.8% and projected to reach $791.78 billion by 2034, the market offers a lucrative opportunity for foreign players to secure a stable, specialised supply chain and stay competitive globally.
Precedence Research
