Launch Function of India Aviation 2016 on 24th April 2015.
Launch Function: India Aviation 2016 Chief Guest: Shri Ashok Gajapati Raju Pusapati, Hon’ble Minister of Civil Aviation, Govt. of India Time: 0930 Hours Date: April 24, 2015, Friday Venue: Ball Room, The Oberoi Hotels, Dr. Zakir Hussain Marg, New Delhi
Indian Aviation Sector
India is one the fastest growing aviation markets and currently the ninth largest civil aviation market in the world. More than 85 international airlines operate to India and 5 Indian carriers connect over 40 countries. India is one of the least penetrated air markets in the world with 0.04 trips per capita per annum as compared to 0.3 of China and more than 2 in the USA.
The civil aviation industry is on a high growth path. It has registered an impressive growth of 13% & 10% CAGR for passenger & cargo throughput respectively for the period FY 2003-2013. The aviation sector is experiencing dramatic growth across the board owing to opening up of the airport infrastructure to private sector participation; growth in business & leisure travel; increase in inflows of Foreign Direct Investment (FDI); emergence of LCCs / new carriers; large-scale investments in the airport infrastructure; and growth in air-cargo industry.
India plans to be a global aviation hub and one of the top 3 aviation markets worldwide by 2020. By 2020, passenger traffic at India Airport is expected to increase to 450 million from 159.3 million in 2012-2013. The aviation sector is likely to see investments totalling USD 12.1 billion during 12th Five Year Plan, out of which USD 9.3 billion is expected to come from the private sector. 200 low-cost airports are planned to be built in the next 20 years to connect tier-II and tire-III cities. USD 1.3 billion is planned to be spent on non-metro projects during 2013-17 mainly focusing on the modernisation and up gradation of airports.
VisitorThe exhibition will be participated from every aspect of the industry and create a global commercial marketplace.