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Budget announcement to give a boost to engine overhaul business of MROs

By Economic Times - 2 months ago
The Indian government's extended period for exporting goods imported for repairs benefited Safran's plan to establish an MRO unit. The consistent 5% GST on aircraft parts also boosted the industry. Safran and Magellan plan to build facilities in the country, further enhancing India's MRO sector's capabilities.

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