India’s Minister of State for Defence – Dr.
Subhash Bhamre has consented to inaugurate “Aerospace and Defence MRO South
Asia Summit” in New Delhi on 18 January 2018.
“The Government’s decision to outsource
the MRO requirements in the Defence sector to private players has given a shot
in the arm for the aviation MRO industries. Though the opportunities in the
Aviation MRO industry have remained largely untapped, the various incentives
announced by the Government have generated a lot of interest in this industry.
The co-operation between the Civil and
the Defence in the MRO industry is bound to enhance the market value to a great
extent and throw open the doors for more FDI. Added to this, India has a huge
pool of trained engineering talent and with lower labour costs in its
advantage. Given these, India holds a higher potential to grow into a global
MRO hub in the near future. This, in one word, means saving a considerable
foreign exchange. This will also spur indigenous production of aviation
maintenance parts and give a tremendous boost to the ‘Make in India” vision of
our Hon’ble Prime Minister and make our country self-reliant in Aviation MRO.
It would create a multiplier effect on employment creation within the country,”
says Dr. Subhash Bhamre, Minister of State for Defence.
In his message, Bhamre further states,
“I am very glad that The STAT Trade Times (STAT Times) is organising an
international MRO event, ‘Aerospace & Defence MRO-South Asia Summit’ at
Hotel Taj Mahal in New Delhi from 18-19, January 2018 with the most appropriate
theme, ‘Make in India-MRO makes it Happen. India is one of the economic power
engines driving growth in the South Asia region and I have no doubt that the
Summit will go a long way in creating awareness amongst the prospective players
both within and outside the country.”