Safran plans to expand operations in India

By SiliconIndia   |   Saturday, 26 January 2008, 05:15 Hrs
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New Delhi: Safran Group, a Paris based technology company, plans to expand its Indian operations said Jean Paul Herteman, Chief Executive Officer, Safran.

"The company aimed to be among the leading partner for the aerospace, Defence and security sectors in India," said Herteman.

The company was bidding to be the foreign partner for the co-development and co-production of the light combat aircraft Tejas Kaveri engine. It also plans to set up an engine maintenance and repair center in the country.

"The modern engine will be truly co-developed with Indian research organisation and industry partners. There would be full transfer of technology," he added.

Safran inaugurated a new factory on the outskirts of Delhi for manufacturing SIM cards for the Indian and Asian market. Currently the capacity of plant is over 100 million and would be enhanced to 300 million by the end of next year. The present market share of the company is around 45 percent in the domestic SIM card market.

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