Gold
GE is looking to establish an Indian subsidiary for engines
If GE's ambitions to establish a joint venture to produce the F414 engine domestically in the nation are approved by the US Administrations, Chakan II in Pune might develop into a centre for the jet engines that will power India's next-generation fighter jets, such as the Tejas Mkll and TEDBF.
In order to jointly produce F414 engines for the Indian and export markets and to act as a hub for the global supply chain for these engine's spare parts, GE is thinking about establishing a local subsidiary in India with Indian private sector businesses. This engine powers numerous other jets, including the American F-18 Super Hornet.
It is being thought about building a new facility close to GE's "Brilliant Factory" in Chakan II in Pune, which produces turbocharger assemblies for locomotives and hub assemblies for wind turbines. It's unclear whether GE will establish a joint venture with a 51% ownership stake in India or a subsidiary with 100% ownership there.
Related Stories
Gold Stories
