Report Summary Extracting Value Chain Player Wise Opportunity for OEM’s , Pollution Control Equipment Providers, EPC Players, Independent MRO Service Providers , R&M Consultants and Tracking the Existing Competition
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About INR 1 Trillion of investment opportunity exists in the re-development of 600 Railway stations in India
Making the most of existing infra projects, a new trend seen in the indian market – revamping, renovation & repair likely to offer new business opportunities to the service providers.
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. India’s current civilian MRO market size is estimated to be around USD 700 million. The market is expected to grow at 8% CAGR for the next 10 years to reach over USD 1.4 billion by 2025
The growth trajectory of infrastructure development in India has been quite interesting and much talked about in the international markets. Courtesy government initiatives, the development course which the country has seen w.r.t infrastructure over the last couple of years clearly indicates towards the existence of a strong market.
Indian railways – the largest transporter in India is not only working developing new railway tracks and stations but shall be face-lifting the existing railway stations too. Over 1000 railway stations have been identified across the nation that shall be modernized under the “Adarsh Station Scheme”. Not only this, about 90 stations of the total shall be overhauled into world class transit hubs. This shall include 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.
BUSINESS CASE FOR MAINTENANCE, REPAIR AND OVERHAUL MARKET IN INDIA
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