Sunday, May 24, 2015

FIRST EDITION OF INDIA MRO-
AEROSPACE & DEFENCE TO BE
HELD IN BENGALURU ON
1st AND 2nd DECEMBER,2015
AT HOTEL LALIT ASHOK.

The MRO industry is worth 800 million
USD as on today. The MRO industry as on today is called Maintenance,Repair Overseas and the country spent USD 800 million.
A small country like Singapore earned USD 8 billion by offering MRO services.
Sri Lanka is doing MRO services to one of the Indian carriers.The moot question is
why India is lacking &  why no successive governments did not evince interest in 
this industry?.Was there any vested interests stopping India becoming an important
MRO Hub?.

The problems MRO companies facing are 1. The MRO services are not recognised as
an Industry.2.The Taxation/Custom procedure  & bureaucratic hurdles make this
industry an unviable proposition to those who wish to do it.Presently,as per the 
industry circles,India's share in the global MRO business is only 1%. With an
estimated spend of USD 20 billion on military aircraft by India over the coming
5 to 7 years,and India being one of the fastest growing civil aviation markets & 
slated to be the 3rd largest aviation markets by 2020,there is huge potential
for the MRO industry.This event is aimed at  bringing the industry leaders,
government officials,regulators,airline officials,MRO professionals,legal
experts to discuss & debate on various issues revolving around the Indian 
MRO industry.With the PM's vision of "Make In India",the Indian MRO 
industry will focus on contributing immensely towards this national goal.

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