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

'World Is Optimistic About India': PM Modi After Microsoft CEO Satya Nadella Commits $17.5 Billion...

'World Is Optimistic About India': PM Modi After Microsoft CEO Satya Nadella   Commits $17.5 Billion...

Labour Policy Update: New Codes Grant Gig & Platform Workers Social Security, e-Shram Registration...

Labour Policy Update: New Codes Grant Gig & Platform Workers Social Security, e-Shram Registration...

Steamhouse India Seeks ₹425 Crore Via IPO; Files Updated Papers With SEBI

Steamhouse India Seeks ₹425 Crore Via IPO; Files Updated Papers With SEBI

HRS Aluglaze Announces ₹50.9 Crore SME IPO Opening On December 11 With Price Band Of ₹94-96

HRS Aluglaze Announces ₹50.9 Crore SME IPO Opening On December 11 With Price Band Of ₹94-96

India's IPO Proceeds Hit Record ₹1.77 Lakh Crore In 2025

India's IPO Proceeds Hit Record ₹1.77 Lakh Crore In 2025