Mumbai: The Reserve Bank today included maintenance, repairs and overhaul (MRO) operations under the airport infrastructure category so as to facilitate external commercial borrowings for the sector.
“On a review, it has been decided that, for the purpose of ECB, ‘Maintenance, Repairs and Overhaul’ (MRO) will also be treated as a part of airport infrastructure,” RBI said in a notification.
Accordingly, MRO, as distinct from the related services which are other than infrastructure, will be considered as part of the sub-sector of airport in the transport sector of infrastructure, RBI added.
06/01/14 PTI/Business Line
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“On a review, it has been decided that, for the purpose of ECB, ‘Maintenance, Repairs and Overhaul’ (MRO) will also be treated as a part of airport infrastructure,” RBI said in a notification.
Accordingly, MRO, as distinct from the related services which are other than infrastructure, will be considered as part of the sub-sector of airport in the transport sector of infrastructure, RBI added.
06/01/14 PTI/Business Line
