MRO
Indian airlines seek to boost domestic MRO capabilities as aircraft fleets expand
Indian airlines are focusing on building in-house capabilities for maintenance and repair as the aircraft fleet grows. Air India plans to establish an MRO facility in Bengaluru by 2027, while IndiGo emphasizes the need for self-reliance. Akasa Air's maintenance facility at Noida airport is expected to be operational by 2028. The commercial aircraft fleet in India, currently around 800, is predicted to double in coming years as air traffic increases.
Airbus wants more 'Made in India' aircraft parts: From titanium to complex assemblies, here's what company plans to source next
Airbus plans to increase its annual sourcing of components and services from India to USD 2 billion before 2030, up from the current USD 1.6 billion. India head Jurgen Westermeier called the country a "very important market" and stressed the need to strengthen local manufacturing, MRO infrastructure and aviation training as the country's aircraft fleet expands.
Adani Defence plans MRO for narrow-body aircraft engines
India is one of the world's fastest growing civil aviation markets and the country's commercial aircraft fleet is projected to triple to 2,250 over the next decade. The country is also expected to become a hub for Maintenance, Repair, and Overhaul (MRO) activities.
Budget 2027: Customs duty relief on 118 goods under review
The Indian government is currently reviewing customs duty concessions applicable to 118 products set to expire. This review involves input from respective line ministries and industry stakeholders regarding these exemptions. Goods under review include materials for power projects and certain medical devices. A focus is on correcting the inverted duty structure to support local manufacturing initiatives. The outcomes of this review will influence the upcoming budget for 2027-28.
Air India breaks ground on Delhi MRO hangar to boost in-house maintenance
Air India has initiated the construction of a new Maintenance, Repair, and Overhaul hangar at Delhi's airport. This facility will enable the airline to streamline maintenance operations and improve fleet reliability. Once completed, it will accommodate both widebody and narrowbody aircraft simultaneously, marking a significant development in aviation. The hangar is designed for scalability and will reduce aircraft ground time significantly.
Ready for take-off? Analysts map the flight path for India's aerospace stocks
India's aerospace sector is poised for multi-year growth, driven by rising aircraft production, defence spending, exports and global supply-chain diversification. Analysts highlight HAL, Data Patterns, Azad Engineering, MTAR Technologies and Unimech Aerospace, while flagging execution risks and elevated valuations.
RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FM
Finance Minister Nirmala Sitharaman mentioned the Reserve Bank of India’s ongoing efforts to stabilize the rupee's value. She noted that the rupee has significantly depreciated due to global uncertainties, despite India's strong economic fundamentals. Sitharaman highlighted recent measures by the RBI that helped the rupee appreciate temporarily in value. She also acknowledged the healthy debate around tax rationalization in the securities market.
MRO-TEK Networks Ltd reports Q2 FY27 performance; products segment records 56.86% YoY revenue growth
MRO-TEK Networks Ltd experienced a year-on-year revenue increase of 56.86% in its Products segment. The Solutions segment reported a decline in revenue, highlighting ongoing project execution challenges. Real Estate segment projects continued progressing according to planned schedules
GE Aerospace aims to double India sourcing to $400 million in four years
GE Aerospace intends to increase its supply chain investments in India to $400 million annually by 2030. The company aims to expand its procurement from existing suppliers and add new components to its sourcing network. GE Aerospace operates in India for over four decades with key facilities in Pune and Bengaluru. Indian airlines have placed significant orders for aircraft, increasing demand for engines in the coming years.
GE Aerospace to nearly double supplier spend in India by 2030, eyes growing Aviation demand
The announcement was made alongside the release of a report by Ernst & Young (EY), GE Aerospace's Economic Impact in India, which assesses the company's economic contribution to India's commercial aviation, defence, manufacturing and engineering sectors over four decades.
GE Aerospace to nearly double supplier spend in India by 2030, eyes growing Aviation demand
The announcement was made alongside the release of a report by Ernst & Young (EY), titled 'Powering Progress: GE Aerospace's Economic Impact in India', which assesses the company's economic contribution to India's commercial aviation, defence, manufacturing and engineering sectors over four decades.
GE Aerospace to boost India supply chain spending to $400 million by 2030; eyes more sourcing of components
In a strategic push, GE Aerospace plans to ramp up its supply chain spending in India, setting an ambitious goal of USD 400 million. This initiative emphasizes their commitment to the burgeoning Indian aviation market and supports local sourcing initiatives. Presently, GE partners with established suppliers like Tata Group and Mahindra, while also focusing on enhancing their technological and innovative proficiencies in the region.
Malaysia Airlines open to partnership with India, seeks to expand network, says Group CEO Captain Nasaruddin A. Bakar
Malaysia Airlines recognizes strong demand for corporate and visiting friends and relatives traffic in India. The carrier has seen a 13 per cent year-on-year growth in passenger traffic this year. Its strategic partnership with IndiGo has expanded its connectivity to several new Indian destinations. Malaysia Airlines aspires to increase its flight frequency and secure additional slots from the government.
Rolls-Royce takes its board to India for the first time as AMCA fighter jet engine bet with Reliance grows
Rolls-Royce has held its first board meeting in India, emphasizing its commitment to future growth. CEO Tufan Erginbilgic discussed strategic partnerships with Prime Minister Narendra Modi for energy security and defense. The company's focus includes developing a sovereign combat engine for India's AMCA program in collaboration with Reliance Industries. Rolls-Royce aims to deepen its contributions to India's infrastructure and aerospace sectors.
Self-reliance in aero-engines foundation of India's aerospace sovereignty: Rajnath Singh
Defence Minister Rajnath Singh recently celebrated the remarkable milestone of HAL's Koraput Division delivering its 2,000th aero-engine. This new Shakti engine line is set to manufacture up to 100 engines each year, reinforcing military readiness. He emphasized the necessity of developing indigenous capabilities for defense projects, notably the Advanced Medium Combat Aircraft, while calling for strengthened ties with MSMEs and educational institutions, highlighting Odisha's pivotal role in the aerospace industry.
Embraer says Mahindra will be its partner for IAF's 60 transport plane tender, to partner with Adani for commercial planes
Brazilian aerospace firm Embraer has partnered with Indian Mahindra Group for the Indian Air Force's transport aircraft programme. The partnership will involve offering Embraer's KC-390 jet as a solution to replace older aircraft. Embraer has highlighted the KC-390's superior performance compared to the C-130J offered by Tata-Lockheed Martin. The company plans to expand its supply chain and maintenance operations from India to support global requirements.
Karnataka, Singapore deepen investment ties; CapitaLand eye expansion: MB Patil
Karnataka intends to strengthen its economic collaboration with Singapore, particularly in advanced industries. Minister MB Patil highlighted cooperation opportunities in aerospace, defence, and semiconductors. CapitaLand Investment plans to enhance data centre capacity in Karnataka, while ST Telemedia Global Data Centres is expanding its operations. TVS Motor Company is encouraged to increase investments in electric mobility and automotive technologies.
Karnataka to woo Singapore majors; Sats plans expansion
Karnataka's industries minister MB Patil is engaging with several companies in Singapore for investment opportunities. The discussions included establishing operations in Karnataka for companies like ST Engineering and Sats. Japfa has shown interest in setting up a feed mill and food-processing plant in the state.
Adani Power lays foundation for ₹48,000 cr Assam power project
Adani Power has laid the foundation stone for a ₹48,000-crore, 3,200 MW thermal power project in Assam’s Dhubri district. Jeet Adani said the project will become the Northeast’s largest power asset and generate significant employment and economic activity in the region.
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