India is emerging as the global hub for MRO outsourcing in the APAC region. Majority of the international MRO hubs are running at overcapacity and are looking to source the work to India considering the low-cost factor. Currently, the MRO market in India is at a nascent stage but witnessing rapid growth. Huge investments have been planned in this space with many joint-ventures between domestic and international players.
The report provides a detailed market overview covering the market size and growth, market share by activities, activity based outsourcing in India. An analysis of drivers explain factors contributing to the growth of MRO market based on manpower cost arbitrage, increasing air traffic and fleet size and government initiatives. The key challenges discussed are high tax regime and regulatory limitations and shortage of land and skilled manpower.
The section on government policies and initiatives explains the FDI policy, custom duties & taxes and state-level initiatives for the development of MRO facilities in India. Competitive section provides the current maintenance relationships and identifies major MRO players in India. The report also provides a comprehensive list of the joint-ventures and key developments in the MRO space.
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