Godrej Enterprises Groups aerospace business inks pact with Pratt & Whitney
PTI
Last Updated:
Mumbai, Jul 24 (PTI) Godrej Enterprises Group's aerospace business has inked a pact with aircraft engines maker Pratt & Whitney for aerospace parts manufacturing.
The contract will significantly expand the company's offerings in aircraft engine applications, both in terms of technology and production volumes, it said.
The mandate reinforces Godrej's commitment to advancing India's aerospace manufacturing capabilities and aligns with its vision to become a key supplier to global aircraft engine Original Equipment Manufacturers (OEMs), Godrej Enterprises Group said.
Pratt & Whitney is a part of the RTX business, and a world leader in the design, manufacture and service of aircraft engines and auxiliary power units.
'By leveraging our advanced infrastructure, deep expertise, we are proud to play a role in shaping the future of aviation manufacturing in India. We look forward to strengthening this relationship and expanding our footprint in the global aerospace supply chain," said Maneck Behramkamdin, Business Head, Aerospace business of Godrej Enterprises Group.
Godrej Enterprises Group has a total of around 35,000 sq meters aerospace manufacturing capacity in India with another 48,500 sq meters under development, which is in line with the company's vision to enable and elevate India's manufacturing capabilities at a global level. PTI IAS DRR DRR
view comments
First Published:
July 24, 2025, 12:45 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Print
29 minutes ago
- The Print
Industrial output growth slows to 10-month low of 1.5 pc in June
The National Statistics Office (NSO) also revised upwards the pace of industrial production growth for May to 1.9 per cent from the earlier estimate of 1.2 per cent released last month. The factory output, measured in terms of the Index of Industrial Production (IIP), had expanded by 4.9 per cent in June 2024. New Delhi, Jul 28 (PTI) India's industrial production growth slowed to a 10-month low of 1.5 per cent in June 2025 due to poor performance of mining and power sectors, which were impacted by excess rains especially in second half of the month, according to official data released on Monday. The previous low pace of growth was recorded in August 2024 when the output growth stayed flat. 'Excess rains in the second half of June 2025 are likely to have weighed on mining output, while also leading to a contraction in electricity generation, although the extent of the same narrowed compared to the previous month,' said Aditi Nayar, Chief Economist, Head – Research & Outreach, ICRA, in a statement. The NSO data showed that the manufacturing sector's output growth rose marginally to 3.9 per cent in June 2025 from 3.5 per cent in the year-ago month. Mining production contracted by 8.7 per cent against a growth of 10.3 per cent recorded a year ago. Power production declined by 2.6 per cent in June 2025 against 8.6 per cent growth in the year-ago period. During the April-June quarter of FY26, industrial production growth slowed from 5.4 per cent a year ago to 2 per cent, the lowest in past 11 quarters. Nayar stated, 'In quarterly terms, the IIP growth eased to an 11-quarter low of 2.0% in Q1 FY2026 from 4.0% in Q4 FY2025, with excess rains in parts of the quarter dampening electricity generation and mining output.' Within the manufacturing sector, 15 out of 23 industry groups have recorded a positive year-on-year growth in June 2025. As per use-based classification, the capital goods segment growth decelerated to 3.5 per cent in June 2025 from 3.6 per cent in the year-ago period. Consumer durables (or white goods production) growth slowed to 2.9 per cent during the reporting month against a growth of 8.8 per cent in June 2024. In June 2025, consumer non-durables output contracted 0.4 per cent compared to a contraction of one per cent a year ago. Infrastructure/construction reported a growth of 7.2 per cent in June 2025, down from a 8.2 per cent expansion in the year-ago period. The data also showed that the output of primary goods contracted by 3 per cent in June 2025 against 6.3 per cent growth a year earlier. The expansion in the intermediate goods segment was 5.5 per cent in the month under review against 3.2 per cent a year ago. PTI KKS HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
The Print
31 minutes ago
- The Print
India must scale up manufacturing sector, establish its own robust supply chain: Official
'India needs to have partners to achieve high rates of growth. The country also needs to create its own supply chain. Global dynamics have now shifted from the Transatlantic to the Indo-Pacific. India needs to grow at a higher rate to meet the target of becoming a developed country by 2047,' Dammu Ravi, Secretary (Economic Relations), Ministry of External Affairs, said. India must scale up its manufacturing sector and establish its own robust supply chain, which will subsequently boost exports, the official added. Kolkata, July 28 (PTI) A top Ministry of External Affairs official on Monday emphasised the importance of partnerships to accelerate India's economic growth. Speaking at a session organised by the Merchants' Chamber of Commerce and Industry (MCCI) here, Ravi said the GDP of the country is growing. 'We are USD 4 trillion economy now. The country needs to grow at more than the current average growth rate of 6.5 per cent per annum to become a developed economy to meet that target', he added. He said the country has moved from a command economy to a liberalised economy. 'The openness had brought a boom in the economy. The private sector has leapt forward. The country also needs to do a lot', he added. Touching upon technological transformation, Ravi said the world has moved from the industrial revolution to an era driven by artificial intelligence (AI). 'We have entered an AI-driven era. Today, we talk about responsible AI. Rules are needed so that human values are not undermined,' he added. 'India needs to create an AI ecosystem, which requires state intervention to ensure uninterrupted power supply,' he said. On the issue of logistics, Ravi stressed the need to bring down costs. 'India's logistics cost is 12 per cent of GDP. This must be reduced to boost efficiency. Our industry needs to conquer overseas markets,' he said. Regarding Free Trade Agreements (FTAs), Ravi said they should be seen beyond exports and imports and valued at economic cooperation. PTI dc MNB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
The Print
32 minutes ago
- The Print
Indian economy has look and feel of ‘steady as she goes' for FY26: FinMin
With inflation remaining within the target range and monsoon progress on track, the domestic economy enters the second quarter of FY26 on a relatively firm footing. In its monthly economic review, the ministry said the first quarter of fiscal 2025-26 (FY26) presents a picture of resilient domestic supply and demand fundamentals. New Delhi, Jul 28 (PTI) Indian economy has the look and feel of 'steady as she goes' for the current fiscal, the finance ministry said on Monday even as it flagged slowing credit growth. While geopolitical tensions have not elevated further, the global slowdown, particularly in the US (which shrank by 0.5 per cent in Q1 2025), could dampen further demand for Indian exports. 'Continued uncertainty on the US tariff front may weigh on India's trade performance in the coming quarters. Slow credit growth and private investment appetite may restrict acceleration in economic momentum,' it said. Further, given the deflationary trend in the wholesale price index, one has to observe economic momentum in nominal quantities. Measured in constant prices, economic activity may appear healthier than it is, the review report said. 'All that said, the economy has the look and feel of 'steady as she goes' as far as FY26 is concerned,' it said. The report noted despite monetary easing and a strong bank balance sheet, credit growth has slowed, reflecting cautious borrower sentiment and possibly risk-averse lender behaviour. 'A growing preference for bond markets, particularly commercial papers among corporates due to lower borrowing costs, may also explain the shift,' it said. Piggybacking on initiatives like the Employment Linked Incentive (ELI) scheme, the ministry said it is time for corporates to set the ball in motion. The Reserve Bank has cumulatively reduced the short-term lending rate (repo) by 100 basis points since February. With an outlay of Rs 99,446 crore, the ELI scheme aims to incentivise the creation of more than 3.5 crore jobs in the country over a period of 2 years, with special focus on the manufacturing sector. The report said that despite global headwinds marked by trade tensions, geopolitical volatility, and external uncertainties, India's macroeconomic fundamentals have remained resilient. Aided by robust domestic demand, fiscal prudence and monetary support, India appears poised to continue as one of the fastest-growing major economies, with various forecasters, including S&P, ICRA, and the RBI's Survey of Professional Forecasters, projecting GDP growth rates for FY26 in the range of 6.2 per cent and 6.5 per cent, it said. The report said high-frequency indicators reflected broad-based strength, registering strong year-on-year growth. While the manufacturing and construction sectors continued to expand, the services sector anchored the overall economic growth in Q1 of FY26. As of now, favourable progress in the southwest monsoon has bolstered agricultural activity, leading to higher kharif sowing compared to the previous year. Adequate fertiliser availability and comfortable reservoir levels augur well for a healthy harvest outlook, providing fresh impetus to rural incomes and consumption, the ministry said. PTI NKD HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
