International Federation of Airworthiness. 
Promoting AirworthinessInternationalImpartial
Promoting AirworthinessInternationalImpartial
Promoting AirworthinessInternationalImpartialPromoting AirworthinessInternationalImpartial
MRO South Asia 2024: Where innovation takes flight!
The MRO industry in South Asia has witnessed remarkable growth in recent years, fueled by increasing air traffic, the emergence of low-cost carriers, and the region’s strategic location. With countries like India, Sri Lanka, Bangladesh, Nepal and Bhutan at the forefront, South Asia has become a dynamic hub for MRO services, catering to both domestic and international markets.
The MRO industry in South Asia is highly competitive, with several established players operating in the region. India, Sri Lanka, Nepal and Bhutan are the major players in the region, with India in particular at the forefront and accounting for a significant share of the MRO market.
India has become one of the potential aviation markets in recent years. India will almost certainly become an MRO hub in the long run. The MRO market in India is currently worth more than $2.6 billion, according to estimates. Also, it is now expected to cross US $4 billion by 2030.
Prime Minister of India, Mr. Narendra Modi envisions aerospace and defense as vital catalysts for his ambitious “Make in India” initiative, which strives to establish the world’s fifth-largest economy.
