Insta
Boost To Domestic Aviation Sector: Indian And Foreign Airlines Start Getting Aircraft Maintenance Done In India
The picture featuring planes of various airlines parked at the IGI airport. (Ramesh Pathania/Mint via Getty Images)
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.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
