Cheap players attracting foreign MRO players to India: Menon

Hyderabad: Foreign players in the Maintenance Repair and Overhaul (MRO) segment are increasingly getting attracted to the Indian market due to the availability of cheap labour, a senior executive of Air Works a Mumbai-based MRO company said here today.
Air Works'' Director and Group Head (business development) said there is a likelihood of saving around 50 per cent on the labour cost when compared to other places like West Asia companies.
"The manpower cost in the MRO industry ranges between USD 30 and USD 35 per man hour, as compared with about USD 60 in West Asia," Menon said on the sidelines of Aeronautical Society of India''s Aviation Conclave 2010, a three-day event which began here yesterday.
According to Menon, the MRO spend by airlines in India, which is currently pegged at USD 500 million, is expected to touch USD 1,500 million by 2015. By the same period, he said the number of aircrafts in the country is expected to be more than 700 from the existing 400.
Quoting a study by Frost and Sullivan, he said the Indian MRO market is estimated to reach over USD one billion from the present around USD 500 million.
19/11/10 MSN.com

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Categories: Foreign Nov 2010, Indian Aviation- In General Nov 2010