Increase in acquisitions by Indian Air Force over the next 10 years will help India emerge as a dominant military MRO destination and will provide opportunity for large private MRO service providers, MRO technologies, domain expert to enter and conquer this field. The other defence services such as Indian Army, Indian Navy, Indian Coast Guard and Border Security Force also operate a large number of aircraft/helicopters/UAVs.
India’s MRO industry is at a nascent stage with over 90 percent of MRO work currently done outside. 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 also estimated that India would spend US$ 20 billion on military aircraft over the next 5 to 7 years.
India in the past few years has emerged as one of the promising aviation markets. India in all probability will develop as a MRO hub in the long term. The current market size of MRO in India is estimated to be above US$ 1 billion. The National Civil Aviation Policy-2016 (NCAP) has detailed outline of the MRO industry. It is now expected that implementation of NCAP would make the MRO market touch US$1.5 billion by 2020.
This has opened the huge opportunities and possibilities available in both the civil and defence MRO segment. Participation of policy makers, regulators, airlines, technology enhancers and the presence of the entire gamut of the aviation value chain makes it a must attend programme.