PM Modi Pitches for Investments in Fast-Growing Indian Aviation Sector

Stressing the growth potential and policy stability, PM Modi on Wednesday told investors that there are enormous prospects in aircraft manufacturing, pilot training, advanced air mobility and aircraft leasing areas in India. India is amongst the world’s fastest-growing civil aviation markets, with air traffic demand rising and airlines have ordered over 1,500 planes. At the Wings India 2026 aviation summit here, the PM said the government is working on all essential regulatory reforms to accelerate and improve cargo movement.

Modern warehouses are being built to enable faster, more efficient cargo handling, which is particularly significant as India emerges as a key, competitive transhipment hub, Modi said. “I need all investors to explore the prospects in India’s warehousing sector, freight forwarding, express logistics and e-commerce,” the PM said.

As he stated, there are very few nations like India that offer such a large scale for the aviation sector, such political stability, and such technological ambition. Urging everyone to take full benefit of the “golden opportunity”, Modi invited investors to be lasting partners and co-pilots on India’s flight to success.

In 2014, there were 70 airports; now there are over 160. By 2047, India will have over 400 airports, Modi said, stressing that air travel is no longer exclusive but inclusive. The government’s UDAN scheme aims to offer affordable air travel.

“Because of the UDAN scheme, 15 million passengers, or about 1.5 crore passengers, have travelled on routes that didn’t even exist before,” Modi said. With government reforms, India is becoming a key aviation gateway between the Global South and the rest of the world, Modi said, adding that this is a significant prospect for investors and manufacturers in the aviation sector.

“Aircraft manufacturing, aircraft training,advanced air mobility, aircraft leasing, these are industries where India presents itself with huge possibilities,” the PM said. While India is becoming a major global aviation hub, Modi said it is important that the country not be dependent on others for aviation-related needs. “We must strengthen the path of self-reliance. This will also be obliging for companies that are investing in India,” Modi said, and mentioned that the country is starting to manufacture military and transport aircraft.

 Source: NDTV