New MRO coverage: Royalty cost scrapped

The Civil Aviation Ministry on Thursday introduced a brand new coverage for Maintenance, Repair and Overhaul (MRO) companies to draw extra investments, which incorporates leasing of land via open tenders and abolishing royalty charged by the AAI.
Civil Aviation Minister Jyotiraditya Scindia additionally introduced a 100-day plan for the sector, together with coverage measures and improvement of airports in addition to heliports.
He additionally mentioned the deadline for submission of monetary bids can be September 15, indicating that there can be no extension for submitting the bids.