India's MRO Industry Witnessing Significant Growth

India's Maintenance, Repair, and Overhaul (MRO) Industry is projected to grow at a CAGR of 13.6% during 2012-2015, says RNCOS in its research report.

NOIDA, India (prHWY.com) March 21, 2013 - India's Maintenance, Repair, and Overhaul (MRO) Industry is witnessing significant growth over the last few years. There are several MRO projects under development in India. For instance, Cochin International Airport Ltd. (CIAL) launched its MRO facility in 2012. Similarly, through an India-Malaysia joint-venture agreement between Malaysian Aerospace Engineering and GMR Hyderabad International Airport Ltd to implement an MRO facility at Rajiv Gandhi International Airport in Hyderabad. Also, Boeing MRO facility work at Nagpur airport was expected to be completed by the end of 2012. In future, the India's Maintenance, Repair, and Overhaul (MRO) Industry is anticipated to grow at a CAGR of 13.6% during 2012-2015.

According to our research report, "Indian Airports Market Assessment", airport infrastructure in India is witnessing improvisation and expansion on a massive scale, with the Government avidly supporting private participants. Indian airports remain heavily dependent upon flight-related activities for earning their revenue. Airports charge from the airline customers for the facilities they use. Therefore, if the passenger traffic increases, the airport's revenue will also grow by the same proportion. Rise in per capita income will make air travel more affordable for Indian travelers, leading to growth in passenger traffic.

Our team of researchers has analyzed that rising investment and growing private participation in construction are the major strengths of the industry, whereas insufficient airport services and poor infrastructure facilities are weakening this sector. Furthermore, Information Technology that plays a strategic role in business transformation for the airport industry holds enormous opportunities in this sector. PPP airports are deploying numerous new technologies in India.

Our report, "Indian Airports Market Assessment", is an outcome of extensive research and thorough analysis of the Indian Airport Industry. The report provides statistics/analysis on prominent airport projects including completed, ongoing and proposed Greenfield and Brownfield projects. We have also covered scenario of project by metro and non metro cities. Most importantly, the report has also provided industry forecasts based on correlation of past drivers, challenges, and opportunities for expansion. It has also discussed the PEST analysis, strength, weakness, opportunities and roadblocks of the industry. In this way, our report presents a complete and coherent analysis of the Indian Airport Industry, which will prove decisive for clients.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM413.htm

Some of our Related Reports are:

- Indian Aerospace Industry Analysis (http://www.rncos.com/Report/IM289.htm)
- Canadian Aerospace Industry Future Outlook (http://www.rncos.com/Report/IM285.htm)
- Aerospace Industry Forecast to 2013 (http://www.rncos.com/Report/IM176.htm)

Check Related REPORTS on: http://www.rncos.com/Transportation.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Categories: Transportation

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