Indian MRO Industry Faces Significant Challenges,Says Amcham

Hyderabad: The Indian maintenance, repair and overhaul (MRO) industry faces significant challenges due to issues such as taxes and lack of infrastructure, said American Chamber (Amcham) of Commerce in India's Executive Director Ajay Singha.

Indian MRO industry is fragmented and lacks large players with an end-to-end services portfolio, Singha said in a press release, by Amcham India.

"Currently, the Indian MRO industry faces significant challenges. Factors such as unfriendly taxation structure, cumbersome procedures for import of components and movement of foreign experts, lack of scale and adequate infrastructure are some of issues confronting the industry," Singha said.

The trade body would continue to work with the Union Ministry of Civil Aviation, FICCI and other leading industry bodies to create a globally competitive aviation sector in India, the release said.

Singha noted that Amcham's Aviation Committee led several successful delegations to the Union Ministry of Civil Aviation in the past and deliberated with stakeholders and U.S. industry on MROs, regional connectivity and low cost airports.

Amcham India is expected to lead some big U.S. majors in the aviation sector to India Aviation-2014.

The delegation would discuss their capabilities to help modernize India's civil aviation and capacity building requirements as well as U.S. Trade and Development Agency (USTDA's) role in assisting U.S. exports for India's aviation sector.

The Chamber plans to host an exclusive interactive session for top U.S. aviation majors in the country, with senior representatives from the U.S .Embassy, USTDA and Federal Aviation Administration (FAA).

Read More:

8 Companies That Practice Best Corporate Social Responsibility

India to Seek Easing Of U.S. Curbs on Importing Gas