* Chief Minister Devendra Fadnavis hard-sells Vidarbha region’s strengths to industrial giants at World Economic Forum
* Government also projects Amravati, Nagpur as possible investment destinations for Toray International, Diageo
By Kartik Lokhande
With
the shifting of power-balance in its favour, things are changing for
the better for Vidarbha region. Chief Minister Devendra Fadnavis, who
hails from the region, projected Nagpur and Amravati as investment
destinations for international giants during World Economic Forum meet
at Davos. In fact, Maharashtra Government has offered land near Nagpur
to Safran Aerospace.
Safran is a French multinational aircraft and
rocket-engine, aerospace-component manufacturer. The Government has
offered it land in Nagpur given the existing ecosystem in the region for
this sector. “Already, Nagpur area has got investment environment in
aviation sector with Boeing coming up with its
Maintenance-Repair-Overhaul unit. Given the scale and expertise of
Safran, Chief Minister suggested it to invest near Nagpur,” Apurva
Chandra, Principal Secretary (Industries), told ‘The Hitavada’ over
telephone on Wednesday.
Nagpur is fast emerging as an attractive
investment destination in aviation sector. It is centrally located, has
an unit of Tata Aeronautics Limited (TAL), Boeing’s MRO unit is coming
up in Multimodal International Hub and Airport at Nagpur (MIHAN) and
Special Economic Zone (SEZ). Further, the Headquarters Maintenance
Command of the Indian Air Force (IAF) also is located near Nagpur. In
the recent past, Nagpur also was in the headlines when the ‘Hot Weather
Trial’ of light combat aircraft ‘Tejas’ was conducted here. Since then,
Nagpur has been attracting the attention of investors in aviation
sector. Against this backdrop, Maharashtra Government offering land near
Nagpur to Safran Aerospace comes as a big push.
During the World
Economic Forum meet at Davos, Chief Minister Devendra Fadnavis held
talks with Jean Pierre Cojan, Chief of Safran Aerospace. He told Safran
boss that Nagpur should be the preferred destination for the company’s
investment as land was available here. Safran is a $18.9 billion French
multi-national aircraft and rocket-engine, aerospace component, Defence
technology, and security company headquartered in Paris.
The
Government also suggested Toray International to consider Amravati,
Nagpur for its investment plans in technical fibres and polyester. “The
company has plans for investment in fibres in India. Since there is
ample availability of Cotton, natural fibre, in Amravati belt, the
Government has suggested them to consider the place. We have assured
them all requisite support for integrated textile park,” Apurva Chandra
said.
Apart from this, the Government also suggested other companies
like Diageo Plc and Visy to consider Vidarbha region for investments.
Diageo is a British multi-national alcoholic beverages company
headquartered in London (England). It took over United Spirits promoted
by Vijay Mallya recently. “Since spirits business requires abundance of
water, the Government suggested Diageo to consider water abundant
locations like Vidarbha,” said Apurva Chandra. Already, Diageo has large
operations in Maharashtra and it is looking to further expand its
operations.
As far as Visy is concerned, it is an Australian paper
manufacturing firm. It is keen on investing in a paper recycling plant.
Its team is coming to Mumbai in February for the ‘second round’ of
discussions. It is gathered that the company also has shown interest in
Nagpur.
About Safran Group
Safran is leading supplier of jet
engines and carbon brakes for airlines operating in India and
neighboring countries. Its operations in India began in 1950s with the
sale of equipment for airplanes and helicopters. “Very quickly, the
business evolved to include long-term partnerships with local industry,
based on production and support licenses for airplane, helicopter and
rocket engines, as well as landing gear, navigation systems, etc., and
associated support services,” states the website of Safran Group.
Already,
Safran Group has three companies and a training centre in India. Snecma
HAL Aerospace Pvt Ltd (SHAe) is an equal joint venture between Snecma
(Safran) and Hindustan Aeronautics Ltd, which manufactures high-tech
components for CFM56 aircraft engines in Bangalore. Safran Engineering
Services India Pvt Ltd provides end-to-end engineering services to
global and local customers. Turbomeca India Engines Pvt Ltd is MRO unit
that provides support and maintenance for Turbomeca engines owned by
Indian customers. Its main partners are HAL and Pawan Hans Helicopters
Ltd. CFM Training Center, located near the Hyderabad Airport, provides
maintenance training for ground crews from airlines that use CFM56
engines.
(29-01-15)
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