Indian Aviation Sector boosts under the UDAN scheme

Indian Government faster solving their economic crises by making plans, often any kind of pandemic nation will get new ideas to make economic strong the same thing this time happening with Indian Government.

Recently the Indian Government announced future plans for the aviation sector some plans are already in an action and others will release soon. India Govt. played a crucial role to provide Aircraft Engineers vast scope before lockdown and after lockdown.

Flying high - AME CET 2020
India is becoming the 2nd global Air Passengers country in the world with less than 8% Passenger of its populations. Which is expected to increase in future

Before lockdown Indian Maintenance Repair Overhaul (MROs) having so many projects that they have to finish within a time of period. We are already aware that the maintenance is costly as they are maintained in other countries. India is capable to do MRO work better than other countries to make this better Indian government invite private players in MRO work.

According to reports Indian Maintenance, Repair, and Overhaul (MRO) industry was worth USD 800 million in 2011 and it will be expected to grow to over USD 1.5 billion by 2020 it is a big number as well as the scope of Aircraft Maintenance Engineers will change the gear in 2020.

The Minister of Finance Smt. Nirmala Sitharaman
Nirmala Sitharaman
(Minister of Finance)

Ministry of Finance, India has taken a step to make India MRO hub basically government have the main focus to invite private players in the field. Today aviation is the best place for new business and lots of private player want to come so today is the perfect time for all of them. We have the challenge to make India home to Airlines that go to South East Asia, Australia, and westwards. We will open new airports in India, for that we also required MROs and support of private companies.

Is it a fruitful decision?

Yes, the above plans of Govt. definitely increase the number of job aviation, the young engineers who are just completed the engineering course will make their aviation career without facing a struggle. That day is not away from Indian aviation when aviation industry jobs in India will be vast than other countries.

Indigo, GoAir, and Spice jet already announced about their new routes will connect India’s non-metro cities under the scheme Ude Desh ka Aam Naagrik (UDAN).

According to reports and surveys, India has made itself the largest fastest-growing aviation travel market worldwide and soon became third-largest aviation market by 2025. So all the decisions of India Govt. still plays a fantastic job to build aviation growth.

Impact on Aviation Careers

There are various impacts that will come on aviation careers after the announcement of the finance minister as it will more easy to make careers in the aviation industry.

Indian aviation industry expected to see CAGR of 4.5% in 2019 - 2025
Indian aviation industry expected to see CAGR of 4.5% in 2019 – 2025

The career in the aviation industry will boost youngster’s careers in the field of Aircraft Maintenance Engineer, Aeronautical Engineer, Avionics technician, and other related careers of Aviation Industry. The aviation jobs will be much more than expected in Aircraft Maintenance Companies the way Govt. is proceeding further.

Conclusion

MRO aviation will give a new shape to the Indian economy as we already discuss Indian Govt. giving chance to private companies to contribute to India MRO’s with Govt. support. Presently Indian private companies having a tie-up with international companies. PM Modi Govt. has likely in hike FDI to 49% to 100% soon many international companies will invest their money in Indian MROs.