New Delhi: In an effort to make India a hub for aircraft maintenance and repair, the government plans to set up two new facilities in the country to scale up the sector currently valued at around Rs.5,000 crore.
This follows the successful maintenance, repair and overhaul (MRO) unit at Nagpur in Maharashtra. The idea is part of the National Democratic Alliance government’s ‘Make in India’ initiative and also aims to attract those Indian carriers who often fly to Sri Lanka, Singapore and other overseas destinations for aircraft servicing. The MROs are expected to be developed over the next five years.
A senior official from the ministry of civil aviation, who did not want to be named, said the government will hold separate talks with potential state governments regarding these projects.
The strategic move to turn India into a hub for MRO facilities has been defined in the New Civil Aviation Policy (NCAP), 2016. The Airports Authority of India (AAI) has already waived airport royalty and additional charges, which are not levied on MRO service providers for a period of five years according to NCAP. In addition, the aviation ministry is persuading state governments to forego tax and provide adequate land for MRO units.
The civil aviation ministry and AAI will hold separate talks with prominent entities in the MRO market to put India firmly on the map, the official added.
23/08/16 Sanjay Singh/VCCircle
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This follows the successful maintenance, repair and overhaul (MRO) unit at Nagpur in Maharashtra. The idea is part of the National Democratic Alliance government’s ‘Make in India’ initiative and also aims to attract those Indian carriers who often fly to Sri Lanka, Singapore and other overseas destinations for aircraft servicing. The MROs are expected to be developed over the next five years.
A senior official from the ministry of civil aviation, who did not want to be named, said the government will hold separate talks with potential state governments regarding these projects.
The strategic move to turn India into a hub for MRO facilities has been defined in the New Civil Aviation Policy (NCAP), 2016. The Airports Authority of India (AAI) has already waived airport royalty and additional charges, which are not levied on MRO service providers for a period of five years according to NCAP. In addition, the aviation ministry is persuading state governments to forego tax and provide adequate land for MRO units.
The civil aviation ministry and AAI will hold separate talks with prominent entities in the MRO market to put India firmly on the map, the official added.
23/08/16 Sanjay Singh/VCCircle
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