The Safran Aircraft Engine Services India (SAESI) facility in the city will be operational in 2026 and will be a major boost for the country's indigenous capabilities in the aviation sector
New Delhi: Prime Minister Narendra Modi on Wednesday said that global investors see themselves not just as financiers but as “co-creators” in India’s journey toward becoming a developed nation.
Speaking after virtually inaugurating the Safran Aircraft Engine Services India (SAESI) facility at the GMR Aerospace and Industrial Park, Rajiv Gandhi International Airport, Hyderabad, Modi said India is “dreaming big, doing bigger, and delivering the best.” He added that today’s India is taking bold decisions and achieving significant milestones.
He highlighted that India has undertaken some of the biggest reforms in its history to attract global investment, opening up the economy, strengthening fundamentals, and improving ease of doing business. Most sectors now allow 100 percent FDI through automatic routes, he said, noting that even defence permits 74 percent FDI automatically.
Modi added that the Production Linked Incentive (PLI) schemes have drawn global manufacturers toward Make in India. Over the past 11 years, he said, more than 40,000 company compliances have been reduced, and hundreds of business-related provisions have been decriminalised. Measures such as GST reforms, faceless tax assessment, new labour codes, and the Insolvency and Bankruptcy Code, he said, have made governance more transparent.
He said these reforms have helped India emerge as a trusted partner, a major market, and a rising manufacturing hub, backed by rapid economic growth, political stability, a reform-oriented government, a large talent pool, and a vast domestic market.
The Prime Minister noted that India’s aviation sector is “taking a new flight” with the launch of Safran’s Deep-Level MRO facility, which he said will help establish India as a Global MRO Hub and create new opportunities for youth in high-tech aerospace.
Modi stated that India is now the world’s third-largest aviation market, with rising demand for air travel leading airlines to place orders for more than 1,500 new aircraft. He added that nearly 85 percent of India’s MRO work currently takes place abroad, resulting in higher costs and longer downtime, and stressed that the government is working to develop India as a major global MRO hub.
Urging Safran to explore “Design in India” for aircraft engines and components, he said India’s vast MSME ecosystem and young talent pool can significantly support advanced aerospace design and manufacturing.
He reiterated that India is not only dreaming big but taking bold, decisive steps to achieve those ambitions, with a continued focus on improving ease of doing business.
