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

Next Generation Takes Charge, Noel Tata Appointed Trustee Of Sir Dorabji Tata Trust

Next Generation Takes Charge, Noel Tata Appointed Trustee Of Sir Dorabji Tata Trust

Lost Money In Fraudulent Schemes? File Your Complaint On RBI’s Sachet Portal, A One-Stop Platform...

Lost Money In Fraudulent Schemes? File Your Complaint On RBI’s Sachet Portal, A One-Stop Platform...

SEBI & IEPFA Jointly Organise Camp In Punjab To Help Investors Reclaim Unpaid Dividends & Unclaimed...

SEBI & IEPFA Jointly Organise Camp In Punjab To Help Investors Reclaim Unpaid Dividends & Unclaimed...

'Turn New York City Into Mumbai': US Real Estate Investor Barry Sternlicht Opposes NYC Mayor...

'Turn New York City Into Mumbai': US Real Estate Investor Barry Sternlicht Opposes NYC Mayor...

Rupee Depreciates 15 Paise To 88.65 Against Dollar, Dragged By Elevated Crude Oil Prices & Foreign...

Rupee Depreciates 15 Paise To 88.65 Against Dollar, Dragged By Elevated Crude Oil Prices & Foreign...