India's MRO sector remains in idling position so far; here's why

Earlier the tax that was paid on labour could not be set off against the tax that was being paid by airlines, but now the full GST can be set off

In October 2015, when a new policy to give a push to the maintenance, repair and overhaul, or MRO, sector in India was announced, hopes were high. If things were to go according to the plan, industry analysts were predicting a sharp jump in MRO work in India. But it did not happen.
 
The size of the industry when the policy was announced was roughly Rs 5 billion. The size today still remains at Rs 5 billion.
 
So where’s the snag? Why has the sector not taken the major leap as the policy envisaged and was designed to