British aero-engine maker Rolls-Royce said on Sunday, December 28, that it is considering making India its third “home market” outside the United Kingdom, as part of its strategy to tap into the full range of business opportunities across various sectors.In an interview to PTI, Sashi Mukundan, the executive vice president of Rolls-Royce India, elaborated on the details of the move, revealing that the company is planning a “big investment” in the country.Through these major investments, Rolls-Royce seeks to expand its footprint in the country, noting that India has “scale, policy clarity and a strong push” towards a defence and industrial ecosystem, which is expanding rapidly and becoming more sophisticated with time.Which sectors will the company tap?The investments will be made in various sectors, including jet engines, naval propulsion, land systems and advanced engineering.Mukundan specifically listed developing a next-generation aero engine in India as a priority to power the combat jets that New Delhi will produce under the Advanced Medium Combat Aircraft (AMCA) programme.He said the AMCA engine core could be modified for use as a naval marine engine and even for electric propulsion. He added that Rolls-Royce is one of the few engine makers in the world with the capability to convert an aircraft engine for marine use.Also Read | Bharat Forge to Manufacture Fan Blades for Rolls-Royce’s Pearl 10X EnginesIn the conversation with PTI, Mukundan also briefly touched upon the commercial aviation sector in India and described it as a rapidly growing market where Rolls-Royce has the most advanced technology to offer, which will aid in the country growth.“We are already partnering in expansion plans of some of the biggest carriers in the country,” he said.MOUs to be signedThe senior executive also said the company will finalise two Memorandums of Understanding (MoUs) with two Indian defence public sector undertakings. One agreement will cover the manufacturing of engines for the Arjun tanks, while the other will focus on engines for future-ready combat vehicles.During a business roundtable which took place in October this year, CEO Tufan Erginbilgic had conveyed to Prime Minister Narendra Modi that India is going to be “very critical” for Rolls-Royce in the near future.“We have developed two other home markets outside the UK — the US and Germany. We want to make India our next one. What do we mean by that? We want to do everything across the field, and it’s not just defence,” Mukundan told the news agency.Also Read | Luxury economics: Why Rolls-Royce cars continue to defy price logicAccording to the top executive, the company’s ambition spans across defence, naval propulsion, land systems, manufacturing, advanced engineering skills and technology development, all of which closely align with India’s own priorities.Speaking about the development status on the engines for AMCA, he informed that extensive discussions and backgrou in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. 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Could Rolls-Royce designate India as its ‘home market’? Here is the list of planned investments.
