India’s maintenance, repair & overhaul (MRO) landscape is expected to boom with several new players currently waiting in the wings to join the MRO bandwagon, as per Aerospace and Aviation Sector Skill Council (AASSC), a body that manages skill development for the country’s Aerospace and Aviation sector, under the National Skills Development Corporation.
Even though the pandemic adversely hit the prospects of India’s aviation sector, “The union government has been trying to trigger growth in the MRO space by creating a conducive environment,” said Rachit Bhatnagar, CEO, AASSC.
“Reducing GST on MROs from 18% to 5% and waiving customs duty on tools, kits and spare parts imported by MROs came as a big push, The country already has half a dozen MROs that are operational while several more are waiting to enter the space.” said Rachit Bhatnagar, CEO, AASSC. Air India Engineering Services, Air Works, Taneja Aerospace & Aviation, Max Aerospace and Aviation, GMR Aero Technic and SpiceJet Technic are active MRO players in the country.
Source: The Hindu