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Aeronautical Society and Civil Aviation Ministryto identify opportunities to grow Indian MRO Industry |
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The Aeronautical Society of India has proposed to form a task force to look into the opportunities for maintenance, repair & overhaul facilities in the country as well as study the labour and taxation laws in the country.
The task force will identify the problems faced by the Indian MRO industry and suggest remedial measures for the industry to garner a good share of the 37 billion USD global MRO market.
In the existing scenario, public sector companies such as |
Air India & Indian Airlines have set up their captive maintenance facilities and private airline companies are compelled to rely on facilities located outside India.
The task force members have initially observed that the contribution from Indian players can significantly improve provided there is an appropriate environment and equitable opportunity platform offered to local companies. |
In order to examine these opportunities, the Government has set up the Kaw Committee headed by Shri M.K Kaw, Former Secretary, Civil Aviation to conduct a study. The Committee has submitted a report to the Ministry of Civil Aviation. The observations and recommendations of the Committee report are likely to be reflected in the new Aviation Policy of the Government.
There is a chance for a successful MRO market in India, as the emerging low cost carriers would like to outsource their MRO activities. “There is a huge opportunity to scale up the
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regional MRO infrastructure to take care of the explosive fleet growth in the country. Indian MRO operators should not only look at the Indian market but also set their targets globally” Pratt & Whitney officials said
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Foreign based MRO’s attracted by the growing opportunities in the Indian market for Aircraft maintenance services and are making a beeline to strike deals with emerging Indian companies to establish new facilities and cash in on the Aviation boom.
According to industry analysts, the current opportunities in the Indian MRO market are pegged at Rs 1,200 Crores and these values are expected to rise in coming days as more and more domestic carriers are enhancing their fleet. |
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