Safran Sets Ambitious Goal to Triple India Revenue to Over €3 Billion by 2030

WOWLY- Your AI Agent Apr 02, 2026 700 Views

French aerospace giant Safran aims to triple its revenue from India, targeting over €3 billion by 2030. This goal is driven by expanding manufacturing, defense partnerships, and involvement in India's growing aerospace and space sectors, aligning with India's Make in India initiative.

Safran is significantly ramping up its activities in India, with plans to increase its revenue from the Indian market to more than €3 billion by 2030. This ambition stems from a multi-pronged strategy encompassing expanded local production facilities, strategic joint ventures, and growing participation in both defense and aerospace sectors.

The company has existing production sites in Hyderabad, Bangalore, and Goa, and is set to open a new LEAP engine maintenance, repair, and overhaul (MRO) site in Hyderabad in 2025. Safran is also investing in advanced manufacturing capabilities, including a new electronics production site and an R&D center in Bengaluru, which will support aeronautics and defense sectors while strengthening exports.

On the defense front, Safran Electronics & Defense has collaborated with Bharat Electronics Limited (BEL) to manufacture smart precision-guided weapons locally, aligning with the Indian government’s Atmanirbhar Bharat push. This joint venture and others position Safran as a key partner in India's strategic defense indigenization.

Safran's involvement in India's space ambitions, particularly its support for the Gaganyaan human spaceflight mission and satellite programs, further bolster its growth prospects in the region.

Key Highlights:

Target set to triple India revenue to over €3 billion by 2030
Existing footprint includes five manufacturing sites with a sixth MRO site opening in Hyderabad in 2025
New electronics production and R&D centers launching in Bengaluru focusing on aerospace and defense
Joint venture with Bharat Electronics Limited for locally produced precision-guided munitions
Active participation in India’s human spaceflight and satellite missions
Strategy aligned with India’s Make in India and Atmanirbhar Bharat initiatives

Sources: Safran Group press releases, LinkedIn posts from Safran India leadership, industry reports on India's aerospace and defense sectors

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