Wipro Technologies is shoring up opportunities in the Maintenance Repair and Overhaul (MRO) business with the US-based Aviation major Boeing.
Wipro Technologies will be providing software tools and technological support to carry out an array of aircraft checks and maintenance programs in Boeings MRO facility, which is slated to come up in Nagpur, Maharashtra. "We will make an entry into MRO space. That's the space for which we are going to consolidate all our strengths in Wipro now," said Partha Sarthi Guha Patra, Vice President Strategic Initiatives and Offset Programs.
Boeing has already signed an MOU with the national carrier Air India to develop an airframe MRO. The JV of Air India and Boeing is also on a lookout for another partner with hardcore with MRO experience.
Boeing has announced to invest 100 million dollar into the Nagpur MRO facility in India. "25 per cent of 100 million dollar will go in setting up IT services applications. That's the piece we are looking at," says Parthasarathi Guha Patra.
Most of the players jumping into the MRO bandwagon in India believe India has the capacity to grow as an MRO service and training hub in the region, not just for India, but even to cater MRO service to the Gulf countries, and Central and South East Asian countries.
According to the Civil Aviation Ministry, the estimated $400-million (Rs 1,625 crore) Indian MRO market in engine overhaul, heavy checks, line maintenance, component maintenance and major airframe modifications is expected to grow at a compounded annual jump of 4.8% and is predicted to touch $1.1 billion (Rs 4,470 crore) by 2015.