“India’s aircraft Maintenance, Repair and Overhaul (MRO) market is projected to be worth $4 billion by 2031 providing unprecedented opportunities,” Civil Aviation Minister K. Ram Mohan Naidu said on Wednesday (November 26, 2025).

Speaking at the inauguration of French major Safran’s MRO facility in Hyderabad, Mr. Naidu also noted that carrying out aircraft MRO activities within the country will help save up to $15 billion in foreign exchange in the coming years.

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The Safran Aircraft Engine Services India (SAESI) facility in the city will be operational in 2026 and will be a major boost for the country’s indigenous capabilities in the fast-growing aviation sector.

“The cost savings of the airlines will be passed on to the passengers,” the Minister added.

India is one of the world’s fastest growing civil aviation markets and domestic carriers have more than 1,500 planes on order.

Asserting that India is on the way to be a global aviation hub, Mr. Naidu said the country’s MRO sector is expected to be worth $4 billion by 2031 at a growth rate of 8.9%.