The Indian MRO boom: Eight popular stocks to add to your watchlist

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Union budget, for example: the Indian government announced incentives to boost maintenance, repair, and overhaul (MRO) activities in the aviation and shipping sectors. While we’ve previously detailed how companies in the ship-repairing sector stand to benefit—leading to some stocks doubling in value—the aviation sector’s MRO industry hasn’t garnered the same level of attention. India’s aviation industry is soaring, driven by increasing demand for air travel, expanding fleet sizes, and a growing focus on regional connectivity.

As the sector undergoes significant transformation, the MRO industry will play a pivotal role. With airlines expanding their operations, demand for MRO services is set to rise, offering investors a critical proxy play to capitalize on the aviation boom. The Maintenance, Repair, and Overhaul (MRO) industry is the backbone that ensures machines—from aircraft to industrial machinery—run smoothly and efficiently.

This involves regular maintenance, complex repairs, and comprehensive overhauls. MRO services are vital for extending the lifespan of equipment and preventing costly breakdowns. In the aviation sector, the MRO industry is the unsung hero.

While passengers marvel at the sleek designs and speed of modern aircraft, it’s the MRO industry that ensures these engineering marvels remain safe, reliable, and ready to fly. Think of it as the healthcare system for planes, keeping these complex machines—comprised of thousands of components—operational. India’s MRO aviation industry is poised for explosive growth, driven by rising passenger numbers and increased connectivity.