Odisha Approves Incentives For Bhubaneswar Airport MRO Hub
AVIATION & AIRPORTS

Odisha Approves Incentives For Bhubaneswar Airport MRO Hub

The Odisha Cabinet has approved additional incentives, beyond the provisions of the Industrial Policy Resolution (IPR) 2022, for the establishment of a Maintenance, Repair and Overhaul (MRO) facility at Biju Patnaik International Airport (BPIA) in Bhubaneswar. The proposal, brought by the Commerce and Transport Department, was cleared in a cabinet meeting chaired by Chief Minister Mohan Charan Majhi.
The facility will be the first of its kind in Eastern India and is expected to attract private investment while strengthening Odisha’s aviation infrastructure. It also aligns with the state’s Building and Management of Aviation Assets and Network (B-MAAN) scheme, which aims to expand aviation infrastructure and services across Odisha.
Air Works India (Engineering) Pvt Ltd, one of the country’s oldest MRO firms, has been selected as the anchor investor to set up and operate the hub. Its involvement is expected to ensure high operational standards and encourage additional players to join the aviation ecosystem.
The Commerce and Transport Department will oversee the project, while a High-Powered Committee on Aviation will monitor rollout, coordination and issue resolution.
The decision comes at a time when India’s aviation industry is expanding rapidly. According to NITI Aayog, the global MRO market is projected to rise from USD 68.5 billion in 2021 to USD 117 billion by 2031, a growth of 70 per cent. India, set to become the world’s third-largest aviation market after the US and China, currently operates around 713 aircraft with plans to add over 1,000 in the next decade.
MRO expenditure remains significant, with Indian carriers spending between 12 and 15 per cent of total revenues on maintenance, second only to fuel costs at about 40 per cent. India’s MRO industry is forecast to grow to USD 4 billion by 2031 at a CAGR of 8.9 per cent, creating opportunities for regional hubs like Odisha’s proposed facility.

The Odisha Cabinet has approved additional incentives, beyond the provisions of the Industrial Policy Resolution (IPR) 2022, for the establishment of a Maintenance, Repair and Overhaul (MRO) facility at Biju Patnaik International Airport (BPIA) in Bhubaneswar. The proposal, brought by the Commerce and Transport Department, was cleared in a cabinet meeting chaired by Chief Minister Mohan Charan Majhi.The facility will be the first of its kind in Eastern India and is expected to attract private investment while strengthening Odisha’s aviation infrastructure. It also aligns with the state’s Building and Management of Aviation Assets and Network (B-MAAN) scheme, which aims to expand aviation infrastructure and services across Odisha.Air Works India (Engineering) Pvt Ltd, one of the country’s oldest MRO firms, has been selected as the anchor investor to set up and operate the hub. Its involvement is expected to ensure high operational standards and encourage additional players to join the aviation ecosystem.The Commerce and Transport Department will oversee the project, while a High-Powered Committee on Aviation will monitor rollout, coordination and issue resolution.The decision comes at a time when India’s aviation industry is expanding rapidly. According to NITI Aayog, the global MRO market is projected to rise from USD 68.5 billion in 2021 to USD 117 billion by 2031, a growth of 70 per cent. India, set to become the world’s third-largest aviation market after the US and China, currently operates around 713 aircraft with plans to add over 1,000 in the next decade.MRO expenditure remains significant, with Indian carriers spending between 12 and 15 per cent of total revenues on maintenance, second only to fuel costs at about 40 per cent. India’s MRO industry is forecast to grow to USD 4 billion by 2031 at a CAGR of 8.9 per cent, creating opportunities for regional hubs like Odisha’s proposed facility.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code