Bengaluru: Maintenance, Repair and Overhaul (MRO) for the aviation sector has not kept pace with the ever growing sector in India. Though this industry is expected to grow to about $1.6 billion (spending each year) in the next 10 years from the current market size of about $700-800 million, it still remains largely unexplored.
Lack of such facilities has been forcing airline operators to take their planes to Sri Lanka and South East Asia, resulting in foreign exchange losses as well as time delays.
“All that it needs is the continued intervention on part of the government to create a congenial environment in the country to withhold the outgoing business, arrest the flow of valuable foreign exchange and employment to young technical and engineering graduates,” Pulak Sen, Founder General Secretary of the MRO Association of India said.
Experts state that every $1 million spent on MRO could create 30-40 new jobs which could boost employment from the current 62,000 to over 1,17,000 in the next couple of years.
French aircraft maker Airbus is now looking to set up a unit in India, Srinivasan Dwarakanath, Managing Director of Airbus India said. According to estimates, India will require over 1,200 aircraft in the next 20 years from the current number of 400 aircraft.
23/02/15 Sharan Poovanna/New Indian Express
Lack of such facilities has been forcing airline operators to take their planes to Sri Lanka and South East Asia, resulting in foreign exchange losses as well as time delays.
“All that it needs is the continued intervention on part of the government to create a congenial environment in the country to withhold the outgoing business, arrest the flow of valuable foreign exchange and employment to young technical and engineering graduates,” Pulak Sen, Founder General Secretary of the MRO Association of India said.
Experts state that every $1 million spent on MRO could create 30-40 new jobs which could boost employment from the current 62,000 to over 1,17,000 in the next couple of years.
French aircraft maker Airbus is now looking to set up a unit in India, Srinivasan Dwarakanath, Managing Director of Airbus India said. According to estimates, India will require over 1,200 aircraft in the next 20 years from the current number of 400 aircraft.
23/02/15 Sharan Poovanna/New Indian Express
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