Hyderabad, July 6 (PTI) French aerospace major Safran on Wednesday announced that it would be setting up its largest and first aircraft engine MRO (maintenance, repair, overhaul) facility here.

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The facility will be set up at an investment of Rs. 1,200 crore (USD 150 million) and is expected to create about 1,000 jobs in the State. The MRO will give a boost to Hyderabad International Airport and Telangana Aviation eco system, an official press release said.

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Telangana Minister for IT and Industries KT Rama Rao welcomed the Safran group's decision of selecting the city for its MRO.

It will overhaul their market-leading Leap 1A and Leap 1B aero engines used by Indian and foreign commercial airlines.

The state-of-the-art MRO shop, with its engine test cell, is expected to have a multiplier effect on the local aerospace-manufacturing eco system with a potential to attract further investments and high-value job creation into the State, the release said.

Recently, Safran established two mega aerospace projects here in close succession – The Safran Electrical and Power Factory producing engine wire harnesses and Safran Aircraft Engine Factory manufacturing critical aero engine parts for Leap engines.

Both these factories, adjoining the Hyderabad International Airport, will be inaugurated on July 7 by K T Rama Rao.

Olivier Andries, Safran Group CEO, and Jean Paul Alary, Safran Aircraft Engine, CEO, would be present on the occasion.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)