In the first phase of operations, the facility named 'Brilliant Factory' at Chakan near here, will manufacture products and solutions for power sector, oil & gas and transportation industries, the company said.
In Phase II, the facility will include manufacturing capability for new generation aviation engine components and machining and sub-assembly for the latest rail locomotives and diesel engines.
Spread over 68 acres in MIDC Industrial Park at Chakan II, the facility will generate over 1,500 jobs and support the growth of local businesses, many of whom will be SME suppliers, the company said.
The opening ceremony was attended by the state's Governor Vidyasagar Rao, Chief Minister Devendra Fadnavis, while the GE leadership team was represented by Vice Chairman John G Rice and South Asia President & CEO Banmali Agrawala.
The 'Brilliant Factory' is one of GE's most advanced facilities, bringing together automation, industrial Internet and 3D printing, and is built on the concept of flexibility, allowing for manufacturing of a diverse set of products and catering to the company's broad range of businesses, including aviation, oil & gas and rail.
It will also serve both domestic and export markets, working on the principle of 'shared centre of excellence' on process, capability and human capital, aimed at driving economies of scale.
"Our operations here in Pune help us to compete locally and globally and play an important role in the resurgence of India's manufacturing sector and in the country's growth and development," Rice added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
