MUMBAI: The first international aviation conference on maintenance, repair and overhaul (MRO) covering both civil and military sectors will be held here March 16-18, an official said Sunday.
To be hosted by publications Indian Aviation and STAT Trade Times , the MRO India-2011 will attract some of the biggest names in the field for the event.
India already has a strong aerospace industrial base to contribute substantially to the country's economic growth, according to Pulak Sen, editor of Indian Aviation.
In the past 16 years, India has seen more engineering and research and development investments in aerospace than the US or Europe. The conference comes at a right time, he said.
According to a recent report by the Aeronautical Society of India , the MRO market is set to grow from below $1 billion to about $2.6 billion by the year 2020.
It is also estimated that the major segments of the MRO business, in terms of value, will be engines (30-35 per cent), airframe (20-25 per cent), components (20- 25 per cent) and line maintenance (about 20-25 per cent).
Except for line maintenance works, majority of MRO work related to the other segments are mostly carried out abroad, Sen said.
06/03/11 IANS/Economic Times
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