Objectives

• To create a conducive business environment, provide adequate incentives for the development of robust civil aviation infrastructure
• To attract substantial investments through MRO activity, having an estimated Indian market of around [USD 4 billion]
• To support the growth of the aviation sector by developing human resources and generating direct, indirect, and induced employment opportunities in the sector;
• To build technical capacity for MRO activities for the entire country
• To develop and pro-actively support micro, small and medium enterprises thereby ensuring all round industrial growth;
• To increase the share of industry in gross state domestic product
• To boost manufacturing in UP by supporting the development of air cargo hubs and MRO facilities.

Fiscal Incentives

All MRO units, would be eligible for capital investment subsidy at the following rates:

• 5% – where capital investment is not more than INR 500 crore;
• 8% – where capital investment is more than INR 500 crore but less than 1,000 crore; and
• 12% – where capital investment is more than INR 1,000 crore, subject to a maximum amount of INR 200 crore.

Cost of Land will not be included with in terms of capital investments.

Skilled Human Resources

• Promotion of Aviation related courses in technical institutes and universities in UP for promotion of technical workforce
• Promotion of private partnerships for training, internships etc.
• Specially designed programs for MRO related services