Indian air cargo industry spreads wings

With both domestic and foreign carriers showing an increasing interest in setting up and expanding their cargo operations in India, it seems the cargo services here all set to chart a new course. Already, aviation biggies such as Indian, Jet, Kingfisher and foreign players - FedEx, Malaysia Airlines (MAS) and Australia-based HeavyLift Cargo Airlines - have expressed interest in setting and expanding their base in India.
The figures also support the huge interest that the air cargo sector is generating in the country. According to a report by Ernst and Young, the Indian air freight market has been experiencing a strong growth over the past five years. Domestic and international air cargo traffic has grown at a CAGR of 12.6% and 13%, respectively, during FY2002-07.
It estimates that the air cargo traffic is expected to exhibit a CAGR of 13% and 14%, respectively, for FY07-10. A World Air Cargo study substantiates the same. It says that India is the leading international freight market in the sub-continent, which also comprises Afghanistan, Bangladesh, Bhutan, the Maldives, Nepal, Pakistan and Sri Lanka.
If figures are any indication, then it appears that India is on it's way to become a cargo hub after staking claim to be the global MRO hub.
23/03/08 Dheeraj Tiwari & Raja Awasthi/Economic Times

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Categories: Cargo Mar 2008