https://www.taxtmi.com/news?id=62784 Shifting aircraft maintenance, repair and overhaul (MRO) activities onshore is promoted to conserve foreign exchange-potentially up to USD 15 billion-by capturing work now performed overseas. India's MRO market is projected at USD 4 billion by 2031 growing at 8.9%, with engine work representing about 45% of MRO value. The Safran Aircraft Engine Services India facility in Hyderabad, expected operational in 2026, is cited as strengthening indigenous MRO capacity while government initiatives aim to expand the domestic MRO ecosystem and enable cost savings for airlines to be passed to passengers. en-us Wed, 26 Nov 2025 15:46:02 +0530 Wed, 26 Nov 2025 15:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=62784 Shifting aircraft maintenance, repair and overhaul (MRO) activities onshore is promoted to conserve foreign exchange-potentially up to USD 15 billion-by capturing work now performed overseas. India's MRO market is projected at USD 4 billion by 2031 growing at 8.9%, with engine work representing about 45% of MRO value. The Safran Aircraft Engine Services India facility in Hyderabad, expected operational in 2026, is cited as strengthening indigenous MRO capacity while government initiatives aim to expand the domestic MRO ecosystem and enable cost savings for airlines to be passed to passengers. News - Wed, 26 Nov 2025 15:46:02 +0530 https://www.taxtmi.com/news?id=62784