Kaunas, Lithuania: India operates one of the largest rotorcraft fleets in the world, with the military employing more than 2,000 helicopters; yet, the country’s maintenance, repair, and overhaul (MRO) industry sector is lacking, according to executives at MRO services firm Helisota, with headquarters in Lithuania.
“It is without a doubt that the country loves helicopters. Regardless, fleet size aside, in terms of quality most of the helicopters are old and in need of replacement or renewal. Sadly, the country’s maintenance sector is very far from being amongst the leading rotorcraft repair industry players,” Helisota officials say.
Despite 1.5 million engineers who graduated in India in 2014, it is estimated that only 4% to 7% of all technicians are fit for jobs in the core engineering sectors, such as aerospace, defense, or electronics, according to OneIndia. Adding to the issue of skilled talent is the country’s regulations, under which most MRO procedures become unimaginably pricier than in neighbouring countries. For instance, the service tax and value-added tax (VAT), the lack of which is generating growth in some neighbouring region countries, ensures that the Indian MRO services are 30% costlier than in such places such Sri Lanka or Singapore.
18/08/15 Intelligent Aerospace
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“It is without a doubt that the country loves helicopters. Regardless, fleet size aside, in terms of quality most of the helicopters are old and in need of replacement or renewal. Sadly, the country’s maintenance sector is very far from being amongst the leading rotorcraft repair industry players,” Helisota officials say.
Despite 1.5 million engineers who graduated in India in 2014, it is estimated that only 4% to 7% of all technicians are fit for jobs in the core engineering sectors, such as aerospace, defense, or electronics, according to OneIndia. Adding to the issue of skilled talent is the country’s regulations, under which most MRO procedures become unimaginably pricier than in neighbouring countries. For instance, the service tax and value-added tax (VAT), the lack of which is generating growth in some neighbouring region countries, ensures that the Indian MRO services are 30% costlier than in such places such Sri Lanka or Singapore.
18/08/15 Intelligent Aerospace
