Buoyed by govt sops, Air Works seeks investors as it looks to expand biz

Reduction in taxation and a push from the government for self-reliance has prompted one of India’s largest MRO (maintenance repair and overhaul) company, Air Works to gain more business and look out for more investors.

Air Works is the largest ‘independent’ MRO provider in the country.

“Whether us or our competitors, our hangars now are chock a block. These has happened primarily because we have upped the facilities and two is the government’s push in keeping business inside the country,” said D Anand Bhaskar, chairman and managing director at Air Works.

Despite being one of the fastest growing aviation markets, around 85 per cent of the $1.4 billion maintenance work of Indian airlines is carried out overseas and the government hopes that policy sweeteners will attract investment in the sector, generate employment and reduce import dependence.