Govt announces new policy for Maintenance, Repair and Overhaul activities

Govt announces new policy for Maintenance, Repair and Overhaul activities

PTIUpdated: Thursday, September 09, 2021, 04:49 PM IST
article-image
Civil Aviation Minister Jyotiraditya Scindia said the aim is to make India a global hub for MRO/ Representational image |

The government on Thursday announced a new policy for Maintenance, Repair and Overhaul (MRO) activities.

Civil Aviation Minister Jyotiraditya Scindia said the aim is to make India a global hub for MRO.

Discussions are also going on for convergence between civil and military works with respect to MRO, he told reporters here.

To boost MRO activities, the government has selected eight airports, including Delhi and Kolkata, for such works and to attract investments.

The government has been making efforts to bolster MRO activities in the country. Currently, most of such works are done outside the country.

In March last year, the GST Council decided to reduce the GST on MRO services to 5 per cent from 18 per cent.

RECENT STORIES

India’s Textiles Exports See 4.6% Growth In Last 4 Fiscals, Exports Rise In Over 100 Nations

India’s Textiles Exports See 4.6% Growth In Last 4 Fiscals, Exports Rise In Over 100 Nations

Tata Group Felicitates ICC Women’s World Cup 2025 Winning Team

Tata Group Felicitates ICC Women’s World Cup 2025 Winning Team

GST Rate Rationalisation Leads To 5 Per Cent Growth In States’ Revenue: Minister Pankaj Chaudhary

GST Rate Rationalisation Leads To 5 Per Cent Growth In States’ Revenue: Minister Pankaj Chaudhary

Yashoda Healthcare, Fusion CX, Orient Cables, 4 Others Get Sebi's Approval For IPOs

Yashoda Healthcare, Fusion CX, Orient Cables, 4 Others Get Sebi's Approval For IPOs

Vibrant Gujarat Regional Conference 2025: MoUs Signed To Accelerate Gir Somnath’s Industrial...

Vibrant Gujarat Regional Conference 2025: MoUs Signed To Accelerate Gir Somnath’s Industrial...