Godrej Aerospace Plans To Pitch For Manufacturing General Electric's GE414 Engines In India: Report
Portfolio Pulse from Nabaparna Bhattacharya
Godrej Aerospace is planning to pitch for manufacturing modules of General Electric's (NYSE:GE) GE414 engines. The company plans to invest $30.26 million to build a facility for advanced manufacturing and assembly. The deal's modalities are still being finalized. This comes after GE Aerospace signed an MOU with Hindustan Aeronautics Limited to produce fighter jet engines for the Indian Air Force.
July 10, 2023 | 12:36 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
General Electric's aerospace unit may partner with Godrej Aerospace for the manufacturing of GE414 engines. This could potentially increase GE's production capacity and market reach.
The potential partnership with Godrej Aerospace could allow GE to increase its production capacity for GE414 engines. This could also expand GE's market reach in India, potentially leading to increased sales and revenue. However, the deal's modalities are still being finalized, so the impact is not immediate.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100