Boost To Domestic Aviation Sector: Indian And Foreign Airlines Start Getting Aircraft Maintenance Done In India

The Maintenance, Repair and Overhaul (MRO) industry in India, assisted by ‘Make In India’, is proving its mettle as a number of Indian and foreign airlines have started getting a part of their aircraft maintenance done in India, reports The Economic Times.

As per industry experts, companies such as Airworks, Max Aerospace Group and other MROs run by Air India and GMR has seen a rise in their business over last 18 months.

This was a result of multiple reforms and initiatives undertaken by the government such as -- exempting MRO service providers from customs duties on aircraft parts and toolkits and extension of storage period for aircraft spares to up to three years etc.

It must be noted that despite double digit growth rate in aviation industry, the MRO sector had seen only a modest growth over the years due to various bottlenecks. The government initiatives has the potential of make the sector cost-competitive and provide it the required boost.