India's defence MRO sector set to take off over the next five years

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India's defence MRO sector set to take off over the next five years - Business Standard

Quick Summary:

Gupte highlights the importance of maintaining a steady base load for MRO facilities.“The next step is to further scale these capabilities, potentially through government-to-government agreements like a Reciprocal Defence Procurement agreement with the United States (US).

Despite initiatives such as the National Civil Aviation Policy 2016, MRO Guidelines 2021, and GST rationalisation underscoring the government's commitment to developing India as a regional MRO hub, some concerns like infrastructure limitations, access to credit, streamlined licensing, and integration into global value chains still need to be addressed.

Nick Smythe, director of Air Mobility and Maritime Missions International Campaigns at Lockheed Martin, describes the coming five years as a “prove-it” phase for India's defence MRO capabilities.