India's MRO industry is at a nascent stage with over 90 per cent of MRO work currently done outside. The current market size of MRO in India is estimated to be above US$ 1 billion.
Increase in acquisitions by Indian Air Force and other defence services such as Indian Army, Indian Navy, Indian Coast Guard and Border Security Force over the next 10 years will help India emerge as a dominant military MRO destination and will provide opportunity for large private MRO Domain experts to enter and conquer this field.
Given the technology and engineering base, the government is keen to develop India as an MRO hub in Asia, attracting business from foreign airlines. It is estimated that India would spend US$ 20 billion on military aircraft over the next 5 to 7 years.
Implementation of National Civil Aviation Policy-2016 (NCAP) is expected to make the MRO market touch US$ 1.5 billion by 2020 and US$ 2.5 billion by 2025. This has opened the huge opportunities and possibilities available in both the civil and defence MRO segment.
WHILE OUR MISSION IS TO ENCOURAGE AND LEVERAGE ENORMOUS OPPORTUNITIES AVAILABLE IN BOTH THE CIVIL AND DEFENCE MRO SECTORS, BELOW MENTIONED ARE A FEW MORE REASONS YOU MUST ATTEND 2nd AEROSPACE & DEFENCE MRO SOUTH ASIA SUMMIT: