Indian Civil Aviation - An Overview

Indian aviation sector has transformed from an over regulated and under managed sector to a more open, liberal and investment friendly sector in the recent years. The sector is undergoing significant developments with the changing scenario in the country. The government has taken several steps in the direction of structural policy reforms and initiated new policies which are encouraging foreign investments under public-private partnership projects.

India is gradually becoming a focal point in the global aviation map with the growing air traffic (passenger and cargo), route expansion, followed by major airport infrastructure developments. It is estimated that India would be the world's fastest growing aviation market over the next 20 years not only in terms of passenger and cargo traffic but also in the areas of equipment supply, technology upgradation, maintenance, repair & overhaul (MRO), training, ground handling, cargo handling operations and other non aeronautical revenues as well.

Market Opportunities:

• Multi-billion dollar airport infrastructure investments planned to handle growing air traffic of over 580 million passengers by 2016-17
  
• Airport Authority of India plans investment of $1 billion to modernize 35 non metro airports. It also plans to develop 10 green field airports
  
• Foreign equity up to 100% permitted in airport infrastructure
  
• Air traffic services at 80 airports to be upgraded
  
• Upcoming multi modal cargo hubs
  
• Growing opportunities in MRO with a potential to service a fleet of 1000 commercial & 500 general aviation aircraft.
  

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