Huge Potential to develop India as an MRO hub

Calcutta, India, 29^th Sept., 2015 - India is one of the fastest growing aviation markets and currently the ninth largest civil aviation market in the world and currently the ninth largest civil aviation market in the world. In the year 2020, passenger traffic at Indian airport is expected to increase from 159.3 m to 450 m in 2012-2013 and more than 85 International airlines operate to India and 5 Indian carriers connect over 40 countries.

India is expected to be 3^rd largest aviation market by 2020 and 50 airports under low cost model to develop all over the country incl. under PPP mode. Travel and Tourism market is forecasted to grow 7.9% to $ 270.5 billion in the year 2023 from $ 119.4 billion in 2012.Spending on business travel is estimated to increase to $ 85.6 million in 2023 from $ 30.9 billion in 2013, while that on leisure travel is forecasted to increase to $ 221.8 billion from $ 77.8 billion. Development of disaster relief. tourism, medical evacuation and services is an window of opportunity opening in Indian Market. For Helicopters manufactuers.

Due to the sheer have a significant growth opptunities.

Opportunities :

·       The Indian aviation sector likely to see investments totalling $ 12.1 billion during the Twelfith 5 year plan.

·       Huge potential to develop India as an MRO hub.

·       MRO facilities are developed at  Gurgaon.

·  Success of PPP formats will increase investments in existing and greenfield airports.

·       Indian airline companies spend over 13-15% of their revenues on maintenance which is the second cost component after fuel.

·       Leverage on Non-aeronautical reveues improved technology.

·       Future  operators will benefit from greater operational 

    effiency due to satellite based navigator systems like ‘ Project Gagan’ which is in develoment Phase. - @editorsunrisemirror@gmail.com!