India has an incredible and fast-growing aviation segment. One out of 20 widebody aircraft is delivered to India, and one can easily measure the magnanimity of MRO potential in the country. However, the industry feels if the government looks at the larger scheme of things, then it would be a game changer for the Indian MRO.
Renjini Liza Varghese
If I borrow the popular definition given to Indian MRO by the industry stakeholders, Maintenance and Repair Overseas and not Maintenance Repair and Overhaul, it mirrors the current Indian scenario. 90 percent of the Indian MRO work is being done outside India. Reason, blame it on the lack of MRO facility in India.
Interestingly, India is the fastest growing aviation market for close to three years now. It is the third largest domestic market and inching towards taking over Japan in the overall size of the market, both in domestic and international. The big two, the US and China, are still ahead of India, and it is expected that India would beat them by 2030.
In the last two decade, the Indian MRO market was growing consistently, and now the size is estimated to be of Rs 5,000 crore.
In this context, to analyse and tap into the growing potential a two-day conference was organised in New Delhi in January. The Aerospace & Defence MRO South Asia Summit witnessed participation from all segments of the MRO value chain. This summit, which is the first-ever event for the MRO industry, discussed the overall theme of "Make in India - MRO Makes it happen".
The tone of the conference was set in by Dinesh Keskar, senior vice president Asia Pacific and India Sales, Boeing, by delivering the keynote address.
“Till liberalisation happened and the private carriers came into the picture, the flag carriers Air India and Indian Airlines were handling their own maintenance works. When private players came into operations, especially with the used aircraft and some of them with old 737-200, the requirement for MRO went up," said Keskar.
06/02/18 Renjini Liza Varghese/Stat Times
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Renjini Liza Varghese
If I borrow the popular definition given to Indian MRO by the industry stakeholders, Maintenance and Repair Overseas and not Maintenance Repair and Overhaul, it mirrors the current Indian scenario. 90 percent of the Indian MRO work is being done outside India. Reason, blame it on the lack of MRO facility in India.
Interestingly, India is the fastest growing aviation market for close to three years now. It is the third largest domestic market and inching towards taking over Japan in the overall size of the market, both in domestic and international. The big two, the US and China, are still ahead of India, and it is expected that India would beat them by 2030.
In the last two decade, the Indian MRO market was growing consistently, and now the size is estimated to be of Rs 5,000 crore.
In this context, to analyse and tap into the growing potential a two-day conference was organised in New Delhi in January. The Aerospace & Defence MRO South Asia Summit witnessed participation from all segments of the MRO value chain. This summit, which is the first-ever event for the MRO industry, discussed the overall theme of "Make in India - MRO Makes it happen".
The tone of the conference was set in by Dinesh Keskar, senior vice president Asia Pacific and India Sales, Boeing, by delivering the keynote address.
“Till liberalisation happened and the private carriers came into the picture, the flag carriers Air India and Indian Airlines were handling their own maintenance works. When private players came into operations, especially with the used aircraft and some of them with old 737-200, the requirement for MRO went up," said Keskar.
06/02/18 Renjini Liza Varghese/Stat Times
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