MAINTENANCE, REPAIR AND OVERHAUL (MRO) MARKET IN INDIA
India has more than 700 commercial aircraft operating, with only 8 major players in the Indian MRO market to serve the maintenance demands of these aircraft.
About 90% of the MRO work is carried out outside India.
Inadequate facilities and high taxes are driving most of the Indian MRO business to countries like Singapore, Dubai, UAE, and Sri Lanka.
The government has taken steps to rectify this imbalance and set a foundation for the industry to grow and strengthen its capability to meet the global standard of excellence. These include tax and immigration policies that will support long-term growth.
The growth and profitability of this sector are excellent.
These are the main considerations for the Company to invest in the MRO industry.