Snecma (Safran), a leading manufacturer of aircraft engines, and Hindustan Aeronautics Ltd. (HAL), a leading aerospace manufacturer, signed a Memorandum of Understanding (MoU) on January 28, 2015 in Bangalore to explore establishing a joint venture in India for the production of aero-engine parts. The MoU was signed by Mr. Bruno Durand, Vice President for Industrial Operations & Supply Chain of Snecma and Mr. Arunachalam Muthukumaraswami, General Manager of the Engine Division of HAL.
The proposed joint venture will initially focus on the manufacture of high-tech parts for the Dassault Rafale’s Snecma M88 engine, then subsequently contribute to other major aerospace projects of HAL & Snecma, in India and worldwide. Spanning over 30,000 square meters, the proposed joint venture’s new plant is expected to benefit from substantial investment by the two partners, providing it with state-of-the-art machinery and equipment.
This agreement marks a major step forward in the long-standing collaboration between Snecma and HAL. The proposed joint venture will further broaden the scope of the excellent relations established over the past 60 years between Safran affiliates and the Indian aerospace industry. For example, Snecma manufactures the M53 engines powering the Mirage 2000H “Vajra” fighters operated by the Indian Air Force.
“This new partnership clearly reflects the close relationship established over many years between Snecma, our parent Safran and the Indian aerospace industry,” said Pierre Fabre, Chairman and CEO of Snecma. “We are strongly committed to contributing to the ’Make in India’ policy, based on ambitious partnerships and extensive direct investments. This new venture is further proof that we are actively strengthening our existing ties with HAL.”