Tata Group, GE partner to make LEAP engine components in India
Under the partnership, Tata Advanced Systems Ltd, a unit of Tata, and GE Aviation will together handle manufacturing, assembling, integration and testing of the aircraft components.
Steel-to-software conglomerate Tata Group and General Electric Co (GE) entered into a partnership in November to manufacture components for engine-maker CFM International in India, the two companies said in a statement on Thursday.
The parts, manufactured for CFM`s LEAP engine, will be used for GE`s global supply chain, the companies said.
Under the partnership, Tata Advanced Systems Ltd, a unit of Tata, and GE Aviation will together handle manufacturing, assembling, integration and testing of the aircraft components.
GE and Tata will also pursue military engine and aircraft system opportunities for India, the companies added.
CFM is a joint venture between GE and Safran SA of France.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Tata Motors, Muthoot Finance and 3 more: Axis Direct recommends buying these stocks for 2 weeks; check targets, stop losses
06:17 PM IST