Aerospace Diary

Neelam Mathews July 15, 2014 A statement released today might bring a ray of hope to a fledgling industry. However, the government really needs to get that policy official- there has to be an end to adhocism. Here goes- The Minister of State for Civil Aviation, G.M. Siddeswara informed the Rajya Sabha today that though the Government has not prepared any formal policy on aircraft Maintenance, Repair and Overhaul (MRO) facilities, necessary constraints have been identified in consultation with the stakeholders which affect the growth of MRO activities. In this regard, the Ministry of Finance has been requested to remove Service Tax on MRO work or provide a Service-tax holiday for ten years and Custom duty on import of consumables and tool-kits used by MROs as are applicable to airlines maintaining their own aircraft, along with providing faster custom clearance round-the-clock on all days. The Finance Ministry has also been requested to simplify the procedures of custom cl...

MRO Asia Conference Aviation Daily Nov 03 , 2010 , p. 11 Neelam Mathews India's fledgling maintenance, repair and overhaul industry has the potential to grow exponentially in coming years, says Ravi Menon, CEO and Founder of Air Works India, the country's only third-party MRO provider. MRO work is typically outsourced to other countries while the Indian aviation industry is expanding rapidly, Menon said during a panel discussion Nov. 2 at AVIATION WEEK’s MRO Asia conference in Singapore. In addition, by 2015, India will have 125 airports, up from 92 this year, as well as 1,800 aircraft by 2025, which creates enormous scope for setting up MRO facilities, said V.V Surendran, general manager-technical services at Kingfisher Airlines. Opportunities exist in areas such as paint shops, which do not exist in India. “Less than 5% of MRO work is carried out in India. It all goes abroad,” he said. The nearly $475 million curren...