India Positioned Third Among the Largest Aviation Markets
India is the world’s third-fastest-growing domestic aviation market, with an annual growth rate of 10–12 per cent, according to Ram Mohan Naidu, the Indian Civil Aviation Minister. At the World Economic Forum in Davos, he outlined the government’s longstanding vision for India’s civil aviation industry, highlighting determined expansion plans and growing industry demand. The government will expand India’s airport network to 350 airports by 2047, up from the present 164, while Indian airlines have placed orders for approximately 1,700 new aircraft, signalling robust growth in capacity and passenger demand. On international cooperation, Naidu met with EU Transport Commissioner Apostolos Tzitzikostas to discuss strengthening the partnership between the EU Aviation Safety Agency and India’s DGCA. The main areas of discussion comprised joint certification, cybersecurity and drone regulations. The minister also met separately with Airbus and Boeing , advising them to establish aircraft component manufacturing, maintenance, repair and overhaul facilities in India. He highlighted the development of helicopter services to support tourism, emergency medical services, and regional connectivity. Naidu, the aviation minister, when speaking with global investors at the India Pavilion in Davos, emphasized the importance of fuel competence and the acceptance of Sustainable Aviation Fuel to decrease working costs, thus making air travel more reasonably priced for passengers. He presented India’s aviation transformation through visual presentations, generating strong interest among international delegates. Source: Construction World