New Delhi: High taxation policy, lack of clarity on land allotment and significant shortage of skilled labour are impeding India's emergence as a global hub for aircraft maintenance, repair and overhaul (MRO) operations, according to an Assocham-Yes Bank study.
"Airlines in India are taking their aircrafts to Dubai, Malaysia, Singapore and other MRO locations for major checks and servicing of their aircraft and only minor checks are being held in-house," the study pointed out.
The study further highlighted that a high taxation policy comprising import duties, value-added tax and service tax was proving to be a stumbling block for the country's emergence as an MRO hub.
"There is a need for third party maintenance and overhaul to support the requirements of domestic airlines," Assocham Secretary General D S Rawat said.
24/02/14 PTI/Financial Express
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"Airlines in India are taking their aircrafts to Dubai, Malaysia, Singapore and other MRO locations for major checks and servicing of their aircraft and only minor checks are being held in-house," the study pointed out.
The study further highlighted that a high taxation policy comprising import duties, value-added tax and service tax was proving to be a stumbling block for the country's emergence as an MRO hub.
"There is a need for third party maintenance and overhaul to support the requirements of domestic airlines," Assocham Secretary General D S Rawat said.
24/02/14 PTI/Financial Express
