While discussing Safran’s investment plans in India, Jetendra Gavankar, the CEO of Safran India, expresses confidence in the country’s future, aligning it with the government’s Vision-2047 aspirations. Safran aims to establish the world’s largest LEAP Engine MRO facility in Hyderabad and a helicopter Engine MRO facility in Goa, contributing to the growth of engine MRO in India.
Jetendra Gavankar, CEO of Safran India, remarks, “Who could doubt India’s growth story?” He is optimistic about India’s remarkable growth and shares insights into the driving factors. Gavankar expresses unwavering confidence in India’s future, aligning it with the government’s Vision-2047 goals. He highlights India’s consistent annual growth rate of 5.5% over the past five years, making it the world’s fastest-growing economy.
Gavankar emphasizes the active participation of both domestic and international investors in India’s growth opportunities, solidifying its status as the world’s fastest-growing economy. He notes global sentiment, with investors worldwide expressing strong interest in India’s promising future.
JS Gavankar projects India to become a 7 trillion-dollar economy by 2027 and potentially reach 10 trillion by 2030, rapidly ascending to the fifth position globally. He envisions India closely trailing behind only the US and China by 2030. However, he stresses that India’s growth story is not just about economic size but signifies a shift to a developed economy, doubling average per capita income. He attributes his optimism to the collective aspirations of the average Indian and the entrepreneurial spirit of the younger generation, leaving no room for doubt that India is poised for greatness in the coming decade.
