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For immediate release:
"Future of Aircraft Maintenance in India"
The 4th Aerospace & Defence MRO South Asia Summit 2023 will be held
between the 28th of February and the 1st of March 2023,
at the
Le Meridien Hotel, New Delhi, India.
Nov 21, 2022: STAT Media Group is proud to present the fourth edition of the Aerospace &
Defence South Asia Summit, with the theme "Future of Aircraft
Maintenance in India", after the last successful outing in 2020. The entire
Aerospace industry is getting back on its feet and ready to propel forward with
extra vigor and enthusiasm. The Government of India has put the progress of
Indian civil aviation on a fast track by looking at the increasing demand and
investment opportunities. The Ministry of Civil Aviation is leaving no stone
unturned to establish India as a global leader in aviation.
The amount of foreign investment coming in from players, like Airbus, Rolls-
Royce, and GE Aviation, is a sign that the world is looking at India as a potential
hub for aircraft MRO services.
The Indian civil aviation Maintenance, Repair, and Overhaul(MRO) market is
currently worth around USD 900 Million, according to GoI’s Invest India
initiative. India's MRO facilities would need to increase in size to accommodate
the growing number of airports and aircraft in the nation.
As a result, it is projected to increase at a Compound Annual Growth Rate (CAGR)
of roughly 14– 15% to $ 4.33B by 2025.
Looking at the huge scope for the Aerospace & Defence sectors, various states in
India have modified their policies offering incentivized solutions and ‘ease of
doing business’ to attract foreign and domestic players.
Previous Participants
Air India, Air India Engineering Services Limited (AIESL), Air Vistara, Air Works India, Airbus, Boeing Commercial Airplanes, Brussels Airlines, CEL Aerospace Test Equipment Ltd., Chapman Freeborn, Deloitte, Directorate General of Civil Aviation (DGCA), Epsilon Aerospace Pvt Ltd, GMR Aero Technic, GoAir, GreyKernel, Indian Air Force (IAF), Ministry of Civil Aviation-Government of India, Indian Women Pilot Association (IWPA), Max Aerospace Group, PartsBase, Pratt & Whitney, Rolls-Royce, SATAIR, SpiceJet, S.R.Technics, T. P. Aerospace Asia, Triumph Group, TRUEAERO, LLC, Unical Aviation, Jet Airways, KPMG, AAR Corporation, Bird Group, Kuehne + Nagel, Mereo 4, SPHEREA, Central Board of Indirect Taxes & Customs (CBIC) Government of India, AERSALE INC, Air Costa, AMP Legal, AvAir, Nicomatic India Electronics Private Limited, School of Aeronautics, AAI Cargo Logistics & Allied Services (AAICLAS), Balmer Lawrie, Blue Dart Aviation, InterGlobe Aviation Ltd.(Indigo), NALSAR University of Law, Ultra Aerospace, Ramco, Compass Law Associates, IIT Mumbai, Stelae Technologies, Cyril AmarchandMangaldas, Indian Railways, STS Component, Henkel Adhesive Tech., ASSA ABLOY Entrance, IBS Software Services, Honeywell Corporate, Vector Aerospace Engine Services, Hawker Pacific, MARPOSS INDIA Pvt. Ltd. Reheat International Ltd, Inter Freight Pvt. Ltd, MAG Engine Systems Pvt. Ltd, FL Technics, Wipro Aerospace.
For Registration
Book Now !!
About the Organiser
STAT Media Group was formed in the year 1986 with the objective to cater to the logistics industry in India and worldwide. The Group has made a significant contribution to this sector through its strong research-driven publications and high-profile networking events.
For More information
Contact: Omkar Walunj
Email: omkar@statmediagroup.com
Tel: (+91 22) 2757 0550 / (+91)7304237456
https://www.mrosouthasia.com/2023/
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Notes to the Editor
The Haryana government is developing a ‘Global Integrated Aviation Hub’ (IAH) on the existing Hisar airfield in line with the Government of India’s grand vision to boost domestic manufacturing and growth across industries. This will result in multiple opportunities for business growth, bringing in economic and social prosperity.
The Karnataka Government has unveiled an ambitious policy that aims to attract investments worth INR 60,000 crore in the aerospace and defense sector in a five-year period. The Government is developing phase 2 of the A & D park in Haralur, near Kempegowda International Airport on over 1,200 acres. In a major boost, the policy offers land & financial incentives packages for space, defense & aerospace manufacturers, and other sub-sectors.
The Uttar Pradesh Government has modified the A&D policy to provide incentives up to a maximum of Rs 500 crore) to attract large investments while the Tamil Nadu Government announced a new policy seeking investments worth Rs 75,000 crore in the coming decade with 100,000 job opportunities.
The state Government of Gujarat has announced plans to develop Dholera Airport as an MRO hub, incorporating all the capabilities, facilities, and warehouses in the Airport to provide low-cost, high-quality services to aircraft and parts manufacturers as well as airlines and other companies in the industry. The Gujarat government plans to develop land close to the proposed Dholera International Airport airport for MRO and Aviation related other facilities.
PCPIR region situated at Dahej, Gujarat is a rapidly growing industrial region and exhibits the potential to host MRO services for aircraft as large tracts of land could become available under PCPIR development. The place is strategically located and can serve Vadodara, Surat, Mumbai, Ahmedabad, and Indore airports. Secondly, Dahej, being located in the DMIC and along the DMC, possess excellent road, rail, and port connectivity.
In April 2022, Civil Aviation Minister Jyotiraditya Scindia was on a two-day US visit during which he held discussions with American aerospace giants on further strengthening collaboration with the industry in India.
Safran, the French aviation, defence, and space major, has announced the setting of an engine maintenance, repair, and overhaul (MRO) facility in Hyderabad, the capital of Telangana State with an ambitious investment of $150 million (about ₹1,185 crores). The state-of-the-art facility will be Safran’s largest MRO globally and also the largest in India.
According to the Airbus Global Market Forecast 2022, India will require some 45,000 new aircraft technicians over the next 20 years. Keeping this in focus, Airbus has partnered with GMR to provide a fully integrated Aircraft Maintenance Engineer (AME) licensing program to young candidates to fulfill India’s requirement for trained aviation engineers.
Looking at the above reforms, policies, and partnerships, India is moving ahead at an unanticipated pace to capture South Asia’s MRO market. India’s fleet size is expected to quadruple in size to approximately 2500 airplanes by 2038, the foreign OEMs and MROs are exploring Indian skies for massive investment projects.
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