Prime Minister Narendra Modi today inaugurated American giant GE Corporation's first multi-modal integrated manufacturing site which will export 50 percent of its output to other GE sites around the world and generate around 1,500 direct and indirect jobs.
In the first phase of operations, the facility named 'Brilliant Factory' at Chakan near here, will manufacture products and solutions for power sector, oil & gas and transportation industries, the company said.
In Phase II, the facility will include manufacturing capability for new generation aviation engine components and machining and sub-assembly for the latest rail locomotives and diesel engines.
Spread over 68 acres in MIDC Industrial Park at Chakan II, the facility will generate over 1,500 jobs and support the growth of local businesses, many of whom will be SME suppliers, the company said. The company did not divulge the investment details.
The opening ceremony was attended by the state's Governor Vidyasagar Rao, Chief Minister Devendra Fadnavis, while the GE leadership team was represented by Vice Chairman John G Rice and South Asia President & CEO Banmali Agrawala.
The 'Brilliant Factory' is one of GE's most advanced facilities, bringing together automation, industrial Internet and 3D printing, and is built on the concept of flexibility, allowing for manufacturing of a diverse set of products and catering to the company's broad range of businesses, including aviation, oil & gas and rail.
It will also serve both domestic and export markets, working on the principle of 'shared centre of excellence' on process, capability and human capital, aimed at driving economies of scale.
Commenting on the plant, Rice said it signifies a proud milestone for GE in India and the next step in the company's technology and innovation partnership, a journey that started over 110 years ago.
"Our operations here in Pune help us to compete locally and globally and play an important role in the resurgence of India's manufacturing sector and in the country's growth and development," Rice added.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
