In a recent discussion on MRO Digest Forums, aviation expert Mr. Arun Krishna provided insights into the aviation Maintenance, Repair, and Overhaul (MRO) industry. The global MRO market is projected to reach $120 billion USD by 2031, with notable growth in the Asia-Pacific region, including India and China. India’s aviation sector encompasses both commercial and defense aviation, with significant growth expected. Opportunities in the industry include a rising demand for manpower, expanding aviation infrastructure, cost advantages in labor, and a talented workforce. However, challenges like tax structures, regulatory compliance, the need for engine and power unit MRO capabilities, and GST refunds must be addressed. Overall, India is well-positioned to become a global hub for aviation MRO, contributing significantly to its national strength.
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