Thursday, February 25, 2010

Ravi Menon, Executive Director, Air Works

“Indian MROs could offer hundreds of high valued jobs today, as a worldwide MRO destination for domestic and overseas aircraft. Instead India’s tax and excise duties severely disadvantage India’s MROs. So rather than using domestic services, carriers seek NOCs to get their maintenance done overseas. All domestic airlines take MRO work abroad despite current availability of a world class domestic option. The only beneficiaries of these policies are Singapore, Malaysia, Jordan and the other MRO destinations. We are hopeful that this budget will provide some relief to the Indian MRO industry by ways of reducing the taxes and the excise duty on the spare parts. India as a country has a rich talent pool which can be a boon for the Indian MRO industry to flourish”.

Ravi Menon, Executive Director, Air Works

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