The Yamuna Expressway Industrial Development Authority (YEIDA) is preparing to issue a global tender for a Maintenance, Repair and Overhaul (MRO) facility at the Noida International Airport in Jewar. The move forms part of the airport’s second phase expansion, which includes a dedicated runway, according to information released on Thursday.
This expansion requires the acquisition of 1,365 hectares of land from surrounding villages including Jewar Bangar, Tirthali, Dhanpura, Madalpur, Mahndipur, Faileda and Karauli. As of now, 60% of the required land has been procured with ₹2,800 crore ($373 million) disbursed as compensation.
YEIDA CEO Arun Vir Singh anticipates the remaining land acquisition and allotment process to wrap up by the end of 2023. The establishment of an MRO facility is driven by an expected surge in India’s aviation sector with projected passenger aircraft numbers rising to between 2,400 and 2,500.
To support this growth, the Uttar Pradesh government’s MRO policy extends a ₹12 crore ($1.6 million) subsidy, a decade-long GST exemption, and land-related subsidies to qualifying entities. In addition to the MRO facility, small aviation industrial units are planned to be established near the airport.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here