Thursday, October 05, 2017

India’s aviation sector soaring high

Kolkata: As the future of India’s aviation sector looks bright as per latest reports and studies, the performance of domestic airlines is at an all-time high, showing a significant increase in the current year.  With newer airports coming up and more flights being introduced especially on the international front, the Indian aviation sector is on a roll.
On October 1, the President of India, Ram Nath Kovind inaugurated the first airport in Shirdi, the pilgrimage town of Maharashtra to aid spiritual and physical connectivity and generate employment. This thus will encourage significant contribution towards a better economy. In order to handle the rising air traffic and keeping in sync with the government’s regional connectivity scheme (RCS), the Airports Authority of India (AAI) has also proposed a new greenfield international airport in Odisha, citing limitations in the expansion of the Biju Patnaik International Airport.
India is fast becoming the world’s third largest aviation market, with passenger numbers growing by around 20 pc each year which is far exceeding the global average of 7.3 pc, Emirates stated in its latest monthly bulletin. According to traffic data submitted by domestic airlines for performance evaluation to the Ministry of Civil Aviation, India, passengers carried by domestic airlines during January-August 2017 were 75.41 million as against 64.47 million during the corresponding period of previous year thereby registering a growth of 16.97 pc.
Meanwhile, the multinational conglomerate, Adani Group is ready to enter the airport business with an international airport at Mundra, Gujarat. The group has firmed up plans to upgrade the existing airstrip at Mundra to a full-fledged commercial airport with integrated cargo and aerospace operations. Adani Group has already received environmental clearance for the project and plans to invest around INR 15 billion in it.
05/10/1017 Shalini Dasgupta/MIG

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