"The Budget is a Promising Step Towards Job Creation and Infrastructure Development," Says Sky One Group Chairman Jaideep Mirchandani

Mumbai (Maharashtra) [India], July 30: The Union Budget presented by Finance Minister Nirmala Sitharaman on July 23, is particularly significant for India's aviation sector because of its sharp focus on the generation of employment opportunities, investment in the maintenance, repair and overhaul (MRO) segment, along with infrastructure development. In order to promote domestic aviation, boat and ship MRO, the finance minister also said in her Budget speech, "I propose to extend the period for export of goods imported for repairs from six months to one year. In the same vein, I propose to extend the time limit for re-import of goods for repairs under warranty from three to five years."