STAT Media Group is proud to present the 4th edition of the Aerospace and Defense MRO South Asia 2023 Summit in New-Delhi on February 28th and March 1st, 2023. Leaving the dark cloud of the COVID-19 pandemic behind us, we bring forward a platform for the crème-de-la-crème of the MRO industry to come together under one roof to share and exchange the abundant opportunities for aviation maintenance in years to come.
India has become one of the potential aviation markets in recent years. India will almost certainly become an MRO hub in the long run. The MRO market in India is currently worth more than $2.6 billion, according to estimates. Also, it is now expected to cross US $6 billion by 2030.
The India aviation MRO market is driven by the growing need to address wear and tear of aircraft components. In addition to this, digitalization of aircraft MRO services is anticipated to positively influence the growth of India aviation MRO market in the years to come. Also, numerous accidents related to aviation are caused because of carelessness in maintenance activities; therefore the DGCA has tightened the norms for timely maintenance and repair works, which in turn is expected to bolster the market growth in the coming years.
An MRO requires significant financial investment and takes a long time to become profitable. The correct staff, frequently trained, and efficiently used with a strong focus on quality and turnaround time is essential to running a reputable MRO. In addition to certification from the local regulator, it also needs ongoing investment in tooling and certification from international OEMs like Airbus, Bell Helicopter, Boeing, Bombardier Aerospace, Dassault Aviation, Gulfstream Aerospace, Honeywell, and others in addition to certification from safety regulators like the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA).
The Make-in-India programme, which got off the ground in 2014, has helped the MRO sector thrive by creating a friendly and cooperative environment.
The Indian government is determined to make India as the MRO hub in Asia given the growth of technology. So come and take part in the massive undercurrent that the MRO industry in South Asia is currently experiencing by observing, discussing, and debating on it. An opportunity not to be missed at the MRO South Asia Summit.
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