New Delhi: The government on Thursday said India is on the way to becoming a global hub for aircraft Maintenance, Repair and Overhaul (MRO), highlighting a series of policy, taxation and infrastructure reforms aimed at creating a competitive domestic MRO ecosystem and reducing foreign exchange outflow.
In a written reply in the Lok Sabha, Civil Aviation Minister Kinjarapu Rammohan Naidu said, "The Government has taken various measures to create a conducive environment for the development of aircraft Maintenance, Repair and Overhaul (MRO) sector in the country and to reduce the foreign exchange outflow."
