GE Aerospace has unveiled plans to invest over Rs 240 crore (approximately USD 28 million) in upgrading its manufacturing facility located in Pune, one of the emerging aerospace hubs in central India which also houses one of the crucial bases of the Indian armed forces. This substantial investment will be directed towards acquiring new machines, equipment, specialized tools, and enhancing the capacity of existing products and manufacturing processes, as stated by the company in a recent announcement.
The Pune facility, inaugurated in 2015, specializes in producing components for commercial jet engines. With this investment, GE Aerospace aims to expand its capabilities to undertake new projects while also bolstering its current manufacturing processes. GE Aerospace’s Pune facility highlights that this investment is crucial for sustaining their growth in the aerospace sector in India and meeting the escalating demand from customers.