The government is considering providing sops to boost the maintenance, repair and overhaul (MRO) industry in the aviation sector. Sources have told CNBC-TV18 that the Prime Minister's Office has sent a note to the Department of Industrial Policy and Promotion (DIPP) last month, following consultations with the industry, asking it to consider viability of allowing concessions for the MRO industry. The MRO industry is estimated at USD 700 million in India but only 5-10 percent of MRO work is carried out in India as the current tax structure renders operations about 50 percent costlier than in neighbouring countries -- Indian carriers usually send their aircraft to countries like Sri Lanka, Malaysia or Singapore.
08/10/15 Ronojoy Banerjee/Moneycontrol
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08/10/15 Ronojoy Banerjee/Moneycontrol
