India Development News & Foreign Investment Opportunities

Civilian MRO market to grow at 8% CAGR

Heidelberg model for Habibganj

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Heidelberg model for Habibganj

 

Indian Railways logo

 

India’s civilian MRO market is expected to grow at 8% CAGR for the next 10 years to reach over US$1.4 billion by 2025 from currently estimated US$700 million.

Over 1,000 railway stations have been identified across the nation for modernization under the Adarsh Station Scheme, said ResearchAndMarkets report “Maintenance, Repair & Overhaul (MRO) Market Opportunity in India Across Infrastructure Sector and Outlook Till 2022” on 31 Oct 2019.

Indian railways, the country’s largest transporter, is not only working developing new railway tracks and stations but face-lifting the existing railway stations too.

Not only this, about 90 stations of the total are be overhauled into world-class transit hubs with facilities like CCTV cameras, Wi-Fi, renovation of the station buildings, modular water kiosks, water ATMs, LED lights, lifts, escalators, stainless steel benches, modular catering kiosks etc.

Indian government encourages investment in MRO.

India becomes more aggressive in attracting MRO services, an initiative that is showing promise with Airbus considering building a MRO center in-country.

Habibganj to become India’s first railway station to be overhauled on the lines of Germany’s Heidelberg. The project shall be carried out in two phases of which the part dealing with station redevelopment will cost Rs.100 crores

As a part of Sagarmala Programme, more than 577 projects worth Rs.8.75 Lakh Crores have been identified for implementation, during 2015-2035, across the areas of port modernization & new port development, port connectivity enhancement, port-linked industrialization and coastal community development.

As of 31-Mar-2018, a total of 492 projects worth Rs.4.25 Lakh Crores were under various stages of implementation, development and completion.

The government, through a series of initiatives, is working on policies to attract significant investor interest.

A total of 200,000 km national highways are expected to be completed by 2022.

India’s Ministry of Housing and Urban Affairs announced that within the next few years, the government plans to build new metro lines with a total length of 700 km in 50 cities.

The Metro Policy 2017 enables greater private participation, innovative financing, value capital finance and provides more options of financing by the government for creation and maintenance of metro rail infrastructure.

This will go a long way in further boosting the growth of Metro rail and shall provide business opportunity to the associated value chain players.

L&T ECC, Gammon India, JMC Projects, GMR, Tata Projects, Lanco Infratech,
Hindustan Construction Company, Punj Lloyd, JP Associates, IVRCL, Nagarjuna Construction Company, Kalpataru, Sterlite, KEC, Gayatri Projects, Welspun. fiinews.com

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