Hyderabad: Airlines might be on a cost-cutting binge but not everyone connected with skies is going to lose jobs! In fact, the skies are literally opening up with huge job opportunities for skilled technicians.
"The proposed MRO centre will handle all types of aircraft from light jets to A-380. Already 70 engineers are getting trained in Malaysia. We'll recruit at least 300 more in our initial recruitment phase and a total of 1500 to 2000 when operations start full swing," says A Vishwanath, chief commercial officer of GHIAL. Sources reveal salaries for fresh engineering graduates might be between Rs 20,000-25,000 post training and between Rs 10,000-15,000 for diploma holders.
Despite unfavourable market conditions in the airlines industry, the Indian MRO sector (estimated at $800 million) is being taken seriously.
Earlier this year, Ernst & Young stated the Indian aviation sector was slated to draw an investment of over $120 billion by 2020. With the government allowing 100 per cent foreign direct investment in MRO facilities, analysts expect large investments to flow into this sector. "India is a key geographical hub and lower labour costs are spurring the growth of the industry. Not just in Hyderabad, Air India and Boeing are reported to be negotiating the equity structure of the proposed MRO joint venture in Nagpur too," adds Arora of KPMG.
30/10/08 Debasmita Ghosh/Times of India
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