MRO Full Form
What is Full Form of MRO?
MRO is used as an abbreviation for Maintenance, Repair, and Operations or sometimes Maintenance, Repair, and Overhaul. It is a broad term for the tools, activities, and equipment required for a business’s daily operations. MRO includes the set of procedures and activities related to the upkeep of a facility or plant, which can be the physical maintenance of the building or structure, the operating systems of the facility, and the types of equipment used to make the plant or facility's primary business output.
Types Of MRO
MRO is concerned with the repair and maintenance of a facility or plant, which can be further divided into several areas that include:
Infrastructure repair and maintenance
Production equipment repair and maintenance
Material handling equipment maintenance
Tooling and consumables
Current Situation Of MRO In India
About 90 per cent of MRO sector requirements in India are currently met through imports from other countries. India's indigenous MRO sector is nascent but holds significant potential for growth. The growth of this sector will mainly be fueled by the growing aviation industry of India (likely to generate nearly around 90,000 jobs and could also save up to US$ 2 billion in foreign exchange). In terms of the size and breadth of certified services, the domestic MRO industry will likely continue to rely on foreign MROs until its domestic counterpart catches up.