India aims to double its aircraft MRO industry value to $4bn in seven years via a 5% GST rate, assistance for MRO facility establishment, and ease of re-import/export.

India's Civil Aviation Minister aims to boost the country's aircraft MRO (Maintenance, Repair, and Overhaul) industry, increasing its value from $2bn to $4bn in seven years. Measures include a 5% GST rate on parts, components, and tools, full assistance for MRO facility establishment, and easing re-import and export periods for goods. The government aims to create MRO facilities for both domestic and international airlines.

August 08, 2024
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