India's aviation sector is growing rapidly, but its Maintenance, Repair & Operation (MRO) capabilities remain underdeveloped, comprising only 2.5% of the global market. With a $1.3 billion annual expenditure on overseas MRO services, there's a significant untapped economic opportunity. The 2024 interim budget offers a chance to boost the Indian MRO industry through streamlined regulations, financial incentives, reduced airport charges, and investments in infrastructure and skill development. Success hinges on collaboration among stakeholders.