Close on the heels of listing on the New York Stock Exchange, GE Aerospace has announced an investment of over Rs 240 crore ($30 million) to expand and upgrade its manufacturing facility in Pune.
The investment will allow the facility to add new projects and manufacturing processes by acquiring machines/equipment and specialised tools along with capacity enhancement of existing products, says an official release.
“Our multi-modal manufacturing facility at Pune has a strong focus on safety, quality and delivering for our customers,” says Mike Kauffman, Vice President, Global Supply Chain, GE Aerospace. “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.”
Amol Nagar, Managing Director & Head of Operations, GE Aviation Multi Modal Facility India adds: “This investment helps us to continue our growth in aerospace in India, giving us the resources we need to meet increasing customers’ demand.”
Inaugurated by Prime Minister Narendra Modi in February 2015, the factory produces components for commercial jet engines, the release added. “These are supplied to GE’s global factories where they are used to assemble G90, GEnx, GE9X, which is the world’s most powerful commercial jet engine, and the LEAP engines by CFM, a GE and Safran joint venture. 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.”
Certified under ISO 14001 & ISO 45001, the facility has built environmental best practices; for example, 30 percent of its power consumption comes from renewable sources, has zero liquid discharge, recycles and reuses one crore litre water every year, the release added.
GE announced in 2021 that it would split into three companies focused on aerospace, healthcare and energy.
While its healthcare business, GE HealthCare Technologies, was spun off in January 2023, the spin offs of GE Vernova (energy business) and GE Aerospace were completed in February 2024.