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SENSEX 85,366.11
+ 779.10
NIFTY 26,135.00
+ 250.20
NIFTY 26,135.00
+ 250.20
CRUDEOIL 5,206.00
+ 40.00
CRUDEOIL 5,206.00
+ 40.00
GOLD 125,850.00
+ 625.00
Aviation sector growing rapidly in India with support to MSMEs: PM Modi
The Centre had also allowed 100 per cent FDI in some areas of aviation with a view to boost the industry, 1500 aircraft are already ordered by India which would further strengthen aviation, says PM Modi
File Photo: Prime Minister Narendra Modi
| Photo Credit:
ANI
The aviation industry has been growing rapidly in India and the Government is also lining up many measures to encourage Micro, Small and Medium Enterprises (MSMEs) in the aviation industry, Prime Minister Narendra Modi said on Thursday.
He was speaking after virtually inaugurating the Safran Aircraft Engine Services India facility and laying the foundation stone for Safran M88 Rafale Engine MRO facility at GMR Aeropark here on Thursday.
The Centre had also allowed 100 per cent FDI in some areas of aviation with a view to boost the industry, the Prime Minister said adding 1500 aircraft were already ordered by India which would further strengthen aviation. The centre would extend all support for Safran in its operations in India, Modi said.
Potential
Civil Aviation Minister K Rammohan Naidu said India’s aircraft maintenance, repair and overhaul market is projected to be worth $4 billion by 2031 unlocking many opportunities. “MRO activities within the country will help save up to $15 billion in foreign exchange in the coming years,’’ he added.
Telangana Chief Minister A Revanth Reddy said Hyderabad was emerging as a hub of aviation industry with presence many major players and the State Government would extend all possible support to the industry.
The upcoming Safran’s largest Indian Engine Maintenance, Repair and Overhaul (MRO) facility at the GMR Aerospace & Industrial Park, will offer engine support for both commercial airlines and the Indian defense sector.
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Published on November 26, 2025