BUILDING ATMANIRBHARTA IN MRO SECTOR IN INDIA

Boeing is working with suppliers, industry, and leading MROS to help establish India as a regional hub for MRO

- RYAN WEIR

RYAN WEIR, VICE PRESIDENT OF COMMERCIAL SALES AND MARKETING FOR INDIA, BOEING COMMERCIAL AIRPLANES

INDIA’S ECONOMY HAS SHOWN REMARKABLE GROWTH IN the last three decades, contributing 90 per cent of South Asia’s economic output and ranking among the top growth economies globally pre-pandemic. As the world’s third-largest civil aviation market, India’s fleet is set to nearly quadruple in size by 2041, compared to 2019. The country is also projected to receive over 90 per cent of South Asia’s airplane deliveries, requiring about 2,400 new aircraft, while its cargo market is set to expand significantly, with the fleet growing from 15 to 80 airplanes by 2042, driving a $135 billion demand for commercial services. Boeing’s 2023 Pilot and Technician Outlook forecasts demand in South Asia for 37,000 pilots and 38,000 maintenance technicians over the next 20 years to meet industry needs, driven primarily from growing demand in India.

To keep up with this growth, India needs top-notch MRO services, as a large chunk of MRO spending currently goes abroad. India benefits from a skilled workforce, including experienced ex-servicemen, and strong industry capabilities, allowing it to offer cost-effective solutions and meet high customer standards.

HOW BOEING IS HELPING KEEP MRO SPENDING IN INDIA