NEW DELHI: The chairman of the Safran group, Ross McInnes, called on Prime Minister Narendra Modi on Wednesday to discuss a technological partnership with the company in defence and space. The French firm is a manufacturer of aircraft and rocket engines, among others.
“Yesterday, Mr Ross McInnes, the Group Chairman of @SAFRAN called on PM @narendramodi. Fast growing Indian aviation market provides immense scope for companies working in this sector. They also discussed technological partnership with Safran in defence and space”, read a post on the Twitter handle of the Prime Minister’s Office on Thursday.
In February this year, Safran Helicopter Engines and Hindustan Aeronautics Ltd (HAL) signed a workshare agreement for the joint development of the engine intended for the future 13-tonne Indian MultiRole Helicopter (IMRH) and its naval version Deck-Based MultiRole Helicopter (DBMRH), according to a joint statement from both companies.
This agreement was done after the memorandum of understanding was signed on July 9, 2022, and stipulates the sharing of activities within the joint venture where both parties have agreed on an equivalent repartition, according to the statement shared with stock exchanges.
According to the MoU, HAL will take part in the design, development and production of some of the core engine components, which is a breakthrough achievement in terms of expertise and know-how in the country.
Safran is a French multinational company that designs, develops and manufactures aircraft engines, rocket engines as well as various aerospace and defence-related equipment or their components. (ANI)