Aviaton
The Indian civil aviation industry is among the top 10 globally with a size of around US$ 16 billion, according to a recent market reports. The aviation industry presently supports about 0.5 per cent of the India’s GDP. This sector caters to about 150 million passengers daily, with the potential to grow further. By 2020, traffic at airports in India is anticipated to reach 450 million
During the 11th Five-Year Plan (2007–2012) four international airport projects were completed through public–private partnership (PPP) mode; and also five Indian carriers began to function on international routes. Air passenger traffic has also been steadily increasing, thanks to better lifestyles and overall economic development. Hence the aviation sector at present is going through a steady period of growth
The aviation sector today supports 56.6 million jobs and produces over US$ 2.2 trillion of the global gross domestic product (GDP). According to market news,The Government plans to invest US$ 12.1 billion in the airport sector during the 12th Five-Year Plan period (of this US$ 9.3 billion is expected to come from India’s private sector) towards construction of new, low-cost airports and development of existing ones.
India would be the third largest aviation market by 2020. The foreign direct investment (FDI) inflows in air transport (including air freight) during April 2000 to March 2014 stood at US$ 495.24 million, according to data with Department of Industrial Policy and Promotion (DIPP).
During the 11th Five-Year Plan (2007–2012) four international airport projects were completed through public–private partnership (PPP) mode; and also five Indian carriers began to function on international routes. Air passenger traffic has also been steadily increasing, thanks to better lifestyles and overall economic development. Hence the aviation sector at present is going through a steady period of growth
The aviation sector today supports 56.6 million jobs and produces over US$ 2.2 trillion of the global gross domestic product (GDP). According to market news,The Government plans to invest US$ 12.1 billion in the airport sector during the 12th Five-Year Plan period (of this US$ 9.3 billion is expected to come from India’s private sector) towards construction of new, low-cost airports and development of existing ones.
India would be the third largest aviation market by 2020. The foreign direct investment (FDI) inflows in air transport (including air freight) during April 2000 to March 2014 stood at US$ 495.24 million, according to data with Department of Industrial Policy and Promotion (DIPP).