Tuesday, November 10, 2015

US-INDIA aviation summit closes in Bangalore

The US-India Aviation Summit closed on November 5 following two days of high level meetings and discussions between public and private sector leaders from both nations to discuss ways to strengthen the bilateral aviation partnership. The Summit was co-hosted by the US Trade and Development Agency (USTDA) and India's Ministry of Civil Aviation with the support of the US-India Aviation Cooperation Program (ACP).

"The dedication of India's government to the expansion of their aviation sector has fostered continued growth and created opportunities for U.S. businesses to provide their technology and expertise," said USTDA Director Leocadia I. Zak. "USTDA is pleased to support our Indian partners' goals and to have convened US and Indian stakeholders from this critical sector."

"The government is making all efforts to promote the growth of the Indian aviation sector in a significant manner," said Minister of Civil Aviation Raju. "Systems and processes which affect this sector will be simplified and made more transparent with greater use of technology without compromising on safety and security."

India's aviation sector has continued to grow rapidly since the last biennial event was held in 2013. Building on this success, the country's civil aviation market, currently the world's ninth largest, is anticipated to require an additional USD 110 billion in financing to continue to advance India's diverse aviation expansion and modernization projects through 2020.
09/11/15 Business Standard
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