Frost & Sullivan to Offer Briefing on 'The Evolution of the Indian Aerospace Sector'

The Economic Research and Analytics practice at Frost & Sullivan is pleased to announce its 2008 Quarterly Analyst Briefing Presentation on the Indian Aerospace market to be held on Tuesday, June 17, at 8 a.m. PDT.
The research firm noted in the report that the Indian commercial aerospace industry is in a state of transition. Deregulation of the Civil Aviation market in the 1990s advanced this industry to one of the most vital and competitive sectors of the burgeoning Indian service economy.
Growth in the sector is tempered only by infrastructural bottlenecks, which need urgent attention. In order to meet growing demand, in five years the Indian government plans to increase the number of civilian airports from the present 122 to 500. As the industry matures and further waves of the middle-class customer base become solvent, demand in the services industry will surge.
India's government estimates it will need more than 380 new airports over the next five years, a 300 percent increase over their current capabilities, states Frost & Sullivan Research Analyst Siddharth Desigan.
14/06/08 M2 PRESSWIRE via COMTEX/Trading Markets

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Categories: Foreign Jun 2008, Indian Aviation- In General Jun 2008