India is rapidly enhancing its position in global supply chains, driven by significant advancements in engineering and innovation, said Commerce and Industry Minister Piyush Goyal.
India’s engineering prowess is positioning the country as a central player in some of the world’s most sophisticated sectors, Commerce and Industry Minister Piyush Goyal remarked recently. Emphasizing India’s ambitious plans within global supply chains, Goyal described how the country aims to evolve into a globally trusted partner by focusing on design, patenting, and production.
During his visit to the KIADB Aerospace Special Economic Zone (SEZ) in Devanahalli, Karnataka, Goyal applauded the collaborative efforts of Safran Aircraft Engines and Hindustan Aeronautics Limited (HAL). These partnerships, he noted, are central to India’s growing footprint in the aerospace sector. Goyal also used the visit as an opportunity to engage with industry leaders to gather insights that will inform future policy decisions.
The visit takes place against the backdrop of significant developments in Indo-French aerospace relations. At the 2023 Paris Air Show, HAL and Safran solidified their collaboration by signing an agreement focused on the industrialization and production of rotating parts for LEAP engines. These components are crucial for next-generation aircraft, and the agreement builds on a Memorandum of Understanding signed in October 2023 and a contract for the production of forged parts slated for February 2024.
Safran’s investment in India extends across multiple locations, including Hyderabad, Bengaluru, and Goa, where it operates five manufacturing facilities. The partnership with HAL marks a pivotal moment as the collaboration now extends to forging Inconel parts, further enhancing India’s aerospace manufacturing capabilities.
Dr. D.K. Sunil, Chairman and Managing Director of HAL, expressed pride in deepening the partnership with Safran, which he said would advance India’s expertise in high-performance alloys. This sentiment underscores the strategic importance of the collaborative ventures, which are seen as key drivers of innovation and industrial growth within the aerospace sector.
The continuous expansion of global capability centers in India reflects a broader trend of international companies harnessing India’s engineering talent to drive innovation. As these centers grow, the potential for India to innovate, patent, and produce at a global standard becomes increasingly feasible, further embedding the nation within the global supply chain.
According to IANS, these developments collectively signify a robust commitment to strengthening India’s role in global industries through cutting-edge technology and strategic collaborations.