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Time of India
6 days ago
- Business
- Time of India
Cabinet nod to aircraft maintenance, repair, overhaul facility at BPIA
1 2 Bhubaneswar: A state cabinet meeting, chaired by chief minister Mohan Charan Majhi, on Wednesday approved the establishment of an aircraft maintenance, repair and overhaul (MRO) facility at the Bhubaneswar airport. The project, spearheaded by Air Works India (Engineering) Pvt Ltd, will receive an additional incentive package of more than Rs 80 crore, supplementing the existing industrial policy. Briefing media persons after the cabinet meeting, chief secretary Manoj Ahuja said the facility would be a significant initiative towards transforming Odisha into a regional hub for aviation services. "The world-class MRO facility will be the first major MRO facility in eastern India and a key milestone under the govt of Odisha's vision to strengthen aviation infrastructure through the MAAN (Building and Management of Aviation Assets and Network) scheme," he said. Govt sources said that the administration would provide a 50% capital investment subsidy to the company. While the Industrial Policy Resolution, 2022, allows a 30% subsidy, the cabinet approved an additional 20%. Furthermore, the govt will cover the rental cost of the facility for two years and the cost of ESI/EPF contributions for the manpower employed by the company at Biju Patnaik International Airport (BPIA) here. The company will invest Rs 150 crore to avail the subsidies. The aviation MRO market globally, as per a NITI Aayog report, is expected to reach $117 billion by 2031, an increase of 70% from $68.5 billion in 2021. Considering India's plans for increasing regional air connectivity, focusing both on passenger travel as well as cargo movement, and the fleet expansion plans of domestic airlines, the MRO requirements for servicing such a fleet would significantly rise in the coming years. India is poised to become the third largest aviation market after the US and China. Airline operators in India currently have a fleet size of around 713 aircraft and have placed orders for procuring an additional 1,000-plus aircraft in the coming 5-10 years. In India, airlines spend around 12-15% of their overall revenues on maintenance, which becomes the second most expensive item after fuel (around 40% of operating expenses). The exponential rise in the aviation sector presents a strong case for the development of the MRO industry. The NITI Aayog report mentioned that the MRO industry in India is expected to reach $4 billion by 2031, at a CAGR of 8.9%. In this context, the geographical positioning of Odisha and its proximity to several major routes create substantial potential for MRO services catering to domestic and international carriers. Approval of the MRO facility at BPIA marks a significant step towards realising this potential and establishing Odisha as a pivotal player in the aviation sector, a govt statement read. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
The Hindu
13-07-2025
- Business
- The Hindu
Over 75% BSNL mobile towers upgraded to 4G in Hyderabad, says Telecom official
BSNL has claimed that over 75% of its mobile towers across Hyderabad have already been upgraded to 4G, with work in progress to cover the remaining and further allotment of 2,430 sites for new sites is under planning, said principal general manager M. Chandra Sekhar. This upgrade ensures that BSNL mobile users experience seamless 4G connectivity city-wide, he said and also noted the public sector telcom body's ongoing commitment to developing indigenous 5G technology, which will soon be rolled out to the public, he added. He was speaking at the strategic partners business development meeting with key franchisees involved in mobile business and Telecom Infrastructure Providers (TIP) catering to FTTH services for the Hyderabad region recently. The transmission network in Hyderabad has also been upgraded to the advanced MAAN (Metro Aggregation Access Network), enabling higher bandwidth availability in both 4G mobile and FTTH (Fiber to the Home) services to urban and Bharatnet services to rural areas, he said. The recent commissioning of an International Gateway (IGW) here has eliminated the need to route traffic through Chennai and in significantly enhancing internet speeds and latency performance, said Mr. Chandra Shekar. He announced a significant reorganisation of the Hyderabad Business Area, with the creation of Operational Area-3 (OA-3) headquartered at Lingampally. It is aimed at tapping into high-potential zones, including Gachibowli, Lingampally, Nanakramguda, and Kondapur, with a particular focus on catering to the connectivity needs of high-rise buildings and developing urban clusters. The BSNL official also reminded about the recent launch of Q-5G services in Hyderabad by chairman and managing director Robert J. Ravi, marking the introduction of India's first indigenous Fixed Wireless Access (FWA) solution. This service is tailored to deliver high-speed enterprise internet connectivity, a critical move for the digital transformation of local businesses.
