Civil aviation min announces new MRO policy; seeks to attract investments
To attract more investments, the civil aviation ministry on Thursday announced a new policy for Maintenance, Repair and Overhaul (MRO) services that includes leasing of land through open tenders and abolishing royalty charged by the AAI.
Besides, land allotment for entities setting up MRO facilities will be done for 30 years instead of the current short term period of 3 to 5 years.
Announcing the new policy, Civil Aviation Minister Jyotiraditya Scindia said discussions are on for having military and civil convergence with respect to MRO activities.
The aim is to make India a “global MRO hub”, the minister noted.
Under the new policy, the rate of lease rental would be decided through bidding instead of the current practice of having pre-determined AAI (Airports Authority of India) rates.
