Our Bureau
New Delhi
One of the biggest plane manufacturers of the United States, Boeing is looking to establish its Maintenance, Repair and Overhaul (MRO) services in India. The President of Boeing India, Salil Gupte stated they are asking their component supplier to start working on targeting the country as it is the fifth largest aviation market in the whole world.
“We have seen engine MRO coming in, and we have encouraged our component suppliers to establish MROs in India,” Salil Gupte said.
Gupte said that a vast majority of the non-leased return checks of aircraft and line maintenance are already happening in India. The company also has strong ties with domestic players like GMR Airports Ltd., Air Works India Engineering Pvt. Ltd., and AI Engineering Services Ltd.
The Indian MRO industry is projected to grow at a rapid rate and is set to become a $4 billion industry in the next 5 years by 2030, as per the central government. The industry has prepared for a 100% Foreign Direct Investment as it plans to take the automatic route for MRO.
“We expect a continued ramp-up of deliveries. A lot of work is going on to develop the aviation ecosystem in India,” he said.
The President of Boeing India also revealed that they will be sending 3000 new airplanes to India over the next 20 years as India is looking to expand its airport infrastructure to connect more of its towns and cities. This expansion in the country would require more MRO activities within the country helping Boeing in its future plans.
