India’s bankers have accorded aircraft maintenance, repair and overhaul operations infrastructure status to facilitate easier borrowing from overseas, the country’s central bank says. “On a review, it has been decided that, for the purpose of External Commercial Borrowings (ECB), Maintenance, Repair and Overhaul (MRO) will also be treated as a part of airport infrastructure,” the Reserve Bank of India (RBI) says.

India’s ambitious initiative to design and develop a regional transport aircraft finally seems to have taken wings with state-owned Hindustan Aeronautics Limited (HAL) inviting enginemakers worldwide to offer data on their engines and integrated propulsive systems (IPS) for developing a 70-100 seater airplane.

NEW DELHI — India has entered the multibillion dollar commercial launcher market with the successful liftoff of the GSAT-14 satellite aboard its Geosynchronous Satellite Launch Vehicle (GSLV-D5) heavy-lift rocket fitted with an indigenous cryogenic engine.