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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.