The latest national budget can potentially make India an Asian hub for sophisticated overhaul of aircraft, Civil Aviation Minister P. Ashok Gajapathi Raju said. The business of maintenance, repair and overhaul (MRO) is a Rs.5,000 crore market in India now. “The budget has made provisions for incentivising domestic value addition to help ‘Make in India’,” the minister said, while listing out the provisions that particularly aid the MRO business at a press conference here.
This apart, Raju said, the budget also aims to revive the unserved and under-served airports in the country for increasing the country’s regional connectivity. It provides for the central government to partner with states to develop some of these airports and airstrips in the country. The minister said from next year a single customs window project will be implemented at major ports and airports, which will reduce the dwell time of cargo by bringing all regulatory agencies under a common platform.