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MRO INDUSTRY GROWTH
PM Modi, Macron discuss expansion of India's UPI in France, sign 19 pactsPrime Minister Narendra Modi and French President Emmanuel Macron met and signed 19 agreements. Discussions covered AI, innovation, trade, ...- PM Modi distributes over 51,000 appointment letters at 19th Rozgar Mela; highlights India’s global tech rise and youth opportunitiesPrime Minister Narendra Modi distributed over 51,000 appointment letters to new government recruits. These individuals will join various ce...
- Jewar, once infamous for crime, emerging as global investment destination: UP CM Yogi ahead of Noida Airport operations from June 15
- Bodo Moller Chemie opens warehouse facility in BengaluruBodo Moller Chemie has launched a new aerospace warehouse in Bengaluru. This facility will supply advanced materials to aviation and indust...
- Indian aviation sector to handle about 500 million passengers annually by 2030: NMIA chiefIndia's aviation industry is gearing up for an extraordinary transformation. Experts anticipate a surge to 500 million air travelers by 203...
- MRO services in India to grow to USD 5.7 billion by 2030The future is bright for India's aviation maintenance industry, set to experience unprecedented growth. Projections indicate that MRO servi...
- Akasa Air to set up MRO facility at Noida International AirportAkasa Air on Friday announced a collaboration with Noida International Airport to set up an aircraft maintenance, repair and overhaul (MRO)...
- Bengaluru Airport bags IndiGo’s Rs 1,100 cr MRO facility, to be built on 31 acresIndiGo will establish a new maintenance facility at Bengaluru airport. The airline signed an agreement with Bangalore International Airport...
- Govt introduces new reforms to strengthen MRO sector, says civil aviation minister Rammohan NaiduA key reform is the new GST rate of 5% on all aircraft components and engines, effective July 15, 2024. This replaces the previous range of...
- Noida airport likely to invite expression of interest for MRO this weekNoida International Airport Ltd (NIAL) is likely to invite this week expression of interest (EoI) for development of MRO facilities at the ...
- B2B procurement marketplace ProcMart raises $10 million in Series A funding roundThe latest round of funding will be deployed towards international expansion, strengthening vendor partnerships and upgrading technological...
- India's MRO sector growing fast, revenues pegged at $975 millionThe maintenance, repair and overhaul (MRO) space provides significant growth opportunities, more so because there are not many such facilit...
- Over-taxation restraining high growth in aviation sectorIndian carriers are expected to double their fleet size by 2020 to 1,000 aircraft by 2020, promising a huge opportunity for the MRO busines...
- 'Tax policy, labour shortage in way of India becoming MRO hub'High taxation policy, lack of clarity on land allotment and significant shortage of skilled labour are impeding India's emergence as a glob...
- Govt accords infrastructure status to MRO industryFollowing a recent change in the RBI policy, the MRO industry, which currently has an annual turnover of about $800 million, would get a bo...
- Aircraft maintenance, repair and overhaul industry calls for proper policyAircraft MRO business is currently worth USD 500 million and is likely to grow over USD 1.5 billion by 2020.
- Flying a private aircraft becomes costlier as AAI increases MRO royalty chargesOwners of business jets and other private aircraft who want their flying machines to be serviced in India will have to pay at least 33-37.5...
- India's MRO industry to be worth $1.5 billion by 2020Experts expect traffic to triple to 262 million passengers and estimate maintenance revenues are growing at 15% CAGR.
- Global aircraft cos look to set up MRO units in GujaratThese facilities are likely to be a part of the aerospace and avionics subconclave that the promoters of GVIC are planning to set up in the...
- Airbus, Boeing, Singapore govt eye Gujarat for MRO unitsWorld’s leading aircraft manufacturers are now eyeing Gujarat to set up their maintenance, repair and overhauling (MRO) facilities.
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