By 2028, the MRO industry is likely to grow over US$ 2.4 billion from US$ 800 million in 2018. Indian operators will spend over
12-15% of their revenues on maintenance, which is the second highest cost component after fuel.
Under Union Budget 2021-22, the government lowered the custom duty from 2.5% to 0% on components or parts, including engines,
for manufacturing of aircrafts by public sector units of the Ministry of Defence.