The Indian Maintenance, Repair and Overhaul (MRO) industry was worth USD 800 million in 2011 and is expected to grow to over USD 1.5 billion by 2020. However, currently India constitutes 1 percent of the global MRO market worth USD 45 billion.The measured steps that the Indian government has taken in moving towards the open sky policy, increase in military, civil and business aircraft fleet in the country, the growing preference for air travel by India’s largely underserved middle class, and the focus by industry to optimise cost of aircraft operations, provides a strong foundation for the Indian MRO industry to strengthen its capability to meet global standards of excellence.Setting up an MRO is highly capital intensive with a long break-even time. Operating a credible MRO is highly depen