April 21, 2023
1 min read

Safran’s chief discusses tech partnership with PM Modi

Safran is a French multinational company that designs, develops and manufactures aircraft engines, rocket engines…reports Asian Lite News

The group chairman of Safran, Ross McInnes, called on Prime Minister Narendra Modi to discuss a technological partnership with Safran in defence and space on Wednesday. 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 (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 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 this MoU signed in February, HAL would 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.

Safran is a French-registered company, listed on NYSE Euronext Paris. An Executive Committee representing the Group’s different businesses implements the strategic objectives defined by the board of directors. This governance principle guarantees a balance of power, and ensures Safran’s agility to meet the changing requirements of its economic, financial and competitive environment. (ANI)

ALSO READ: High hopes for Global Buddhist Summit as Dalai Lama-Modi meet likely

Previous Story

Sunak reviewing ‘bully’ report on Raab

Next Story

UK govt admits ‘no magic wand’ can defeat Russia

Latest from -Top News

India to Pakistan: The Choice Is Yours

Foreign Secretary Misri Labels Pakistan the Epicentre of Global Terrorism, Citing Repeated Offenses…reports Asian Lite News India issued a warning to Pakistan on Thursday, stating that any further escalation would be met

US-UK Deal Breaks Tariff Silence

President Trump Teases US-UK Trade Deal on Truth Social Before Oval Office Announcement with UK’s PM Keir Starmer…reports Asian Lite News The United States and the United Kingdom announced a trade deal

India Thwarts Pak Attacks, Hits Lahore Air Defence

India launches pre-dawn precision strikes on Pakistani air defence systems, with key radar installation in Lahore successfully neutralized, signalling a sharp escalation in regional military tensions…reports Asian Lite News The drones and

Perdue sworn in as US envoy to China 

David Perdue, a ‘hawkish’ figure in US politics, served as a Senator from 2015 to 2021, where he gained a reputation for his firm stance on China.  David Perdue, the former US
Go toTop

Don't Miss

Fitch Raises India’s GDP Growth Forecast to 6.2%

The rating agency reduced its estimate for 10 emerging economies

Indian Destination Weddings Flock to RAK

The emirate received 1.22 million tourists from across the world