Indiaâ€™s maintenance, repair and overhaul (MRO) industry could expand by 300% to $1.369 billion by 2020 from $440 million in 2010, boosted by a government plan to exempt aircraft spares and other equipment from customs duties, according to a civil aviation ministry report. Finance Minister Pranab Mukherjee proposed to slash high customs and countervailing duties on aircraft spare parts, new and retreaded tires, and training equipment, starting with the fiscal 2012-13 federal budget, which ...
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