France's Safran shortlists Jewar, Nagpur, Hyderabad for MRO unit

Aerospace component major is in talks with state governments for better terms, including lower taxes, before deciding on place

French aircraft engine manufacturer Safran S.A. has shortlisted Jewar, Nagpur, and Hyderabad for a new aircraft engine maintenance, repair and overhaul (MRO) unit in India to cater to its airline customers. The investment for the total project is around $150 million.

The aerospace component major is in talks with state governments for better terms, including lower taxes, before deciding on the place, said people in the know.

The company didn’t respond to queries till the time of going to press

Safran and GE Aviation own 50 per cent stake each in US-based CFM International, which manufactures engines for the Airbus