Sunday, February 23, 2020

Future of aerospace and aviation conference hosted by IIMB and BIAL

In a day-long conference hosted by IIM Bangalore and Bangalore International Airport Limited with Toulouse Business School France, here today, senior professionals from the aviation and aerospace industry in India called for better skill development and talent management, as well as policy and structural reforms in the sector.
 Remarking that the conference couldn’t have come at a better time with India set to become the third busiest aviation market in the next 5-7 years, Satyaki Raghunath, Chief Strategy and Development Officer, BIAL, said: “The market size of India is certainly a huge opportunity for MROs (maintenance, repair and overhaul), cargo, logistics, tourism, travel, etc. The impact of what aviation does in terms of driving the economy can never be overstated. Technology has changed the way the aviation industry operates – be it drones, AI, ML, and that creates huge opportunity.
Today, BIAL employs over 20,000 people. The growing industry can create huge employment. There are challenges too – regulatory policies that, among other things, should also prevent airlines from folding up. The dearth of talent is another challenge – the sector is struggling to find the right talent. It is going to be incumbent on all of us to find and deploy the right talent. Third, from an urban growth perspective, in an emerging market especially, where workers migrate when opportunities arise, our primary cities need to gear up in terms of urban planning – providing facilities and transport for the people who migrate for work.”
 Calling for better collaboration between stakeholders, Satyaki Raghunath wished the conference success. In his welcome address, Professor S. Raghunath, Director, General Management Programme for Aerospace & Aviation Executives at IIM Bangalore, set the context of the conference in a time when the aerospace industry is under pressure both from a slowdown in the sector as well as the threat of the coronavirus outbreak. The silver lining, he observed, was domestic travel in India.
23/02/20 Bangalore Mirror
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