Current Date: 21 Nov, 2024

Noida Airport to Host Major MRO Hub, Attracts Global Firms

Noida International Airport Ltd (NIAL) is gearing up to issue an expression of interest (EOI) next month for establishing a major maintenance, repair, and overhaul (MRO) hub adjacent to the upcoming Noida International Airport in Jewar. This initiative, part of the airport’s second phase, will involve the acquisition of 1,365 hectares of land specifically designated for aviation-related activities.

Currently, NIAL officials are engaging with several global aircraft manufacturers to explore potential partnerships for this ambitious project. The new MRO hub aims to enhance the airport’s operational capacity and meet the growing demand for aircraft maintenance services in India.

To incentivize investment, the Indian government has introduced a new MRO policy offering capital investment subsidies between 5% and 12% for applications submitted by December 31, 2024. Arun Vir Singh, CEO of NIAL, highlighted the strategic importance of this initiative, stating, “We are actively discussing with major companies and are committed to developing Uttar Pradesh as a leading MRO hub.”

India’s fleet is set to expand significantly, with plans to add over 1,500 aircraft in the next seven years, underscoring the need for robust MRO infrastructure. The Noida International Airport will feature both a smaller MRO facility within the airport and a larger-scale hub nearby, addressing current space limitations at major Indian airports.

Additionally, the concessionaire for Noida International Airport has issued a global tender for developing an MRO facility on a 40-acre site within the airport’s premises, with commercial operations expected to commence by 2030.

News by Rahul Yelligetti

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Source : Projxnews