New Delhi. From an ‘overregulated’ and ‘undermanaged’ sector to a ‘liberal’ and progressive one, Indian aviation is now being called the ‘sunrise sector’ with a potential of $150 billion investments.
Dr Nassim Zaidi, Secretary Civil Aviation, who talked about the challenges and opportunities in the civil aviation sector while launching India Aviation 2012 stressed that as the sector was booming with more planes coming into India and exponential passenger growth, there would be pressure on infrastructure and regulatory issues.
These challenges would have to be met, he said and announced that the Directorate General of Civil Aviation was getting restructured to meet the future needs of the sector. The ministry is planning to set up an independent accident investigation board and was establishing an ombudsman for civil aviation by September 2011.
Dinesh Keskar, Chairman of the FICCI Aviation Committee and Boeing India President said that India had ‘the fastest growth’ in civil aviation at 8 per cent passenger growth. In 2011, the number of passengers would cross 60 million.
India Aviation 2012, the third edition, organized jointly by the Ministry of Civil Aviation and the Federation of Indian Chambers of Commerce and Industry (FICCI) will be held from March 14 to 18 at Hyderabad. The event has the United Kingdom as the ‘partner country’ and USA as the ‘guest country’ under the aegis of the US Commercial Services. France will be the ‘focus country’ for the event.
India Aviation 2012 has already attracted 25 per cent more participation from the previous event. The exhibition and conference on civil aviation will witness exhibitors from sectors such as aircraft, aircraft machinery & equipment companies, aircraft interiors, airlines, airline services and air cargo, skill development and airport infrastructure.
Zaidi informed that the government was keen on developing Mumbai and Chennai as hubs, in addition to Delhi so as to take on the competition from the region. General aviation, seaplanes, regional aviation and MRO would get a boost under these development plans.
He announced that a bilateral safety agreement with the US would be signed shortly. The agreement would allow India to export aeronautical products to the US.
The Deputy Head of Trade, British High Commission, Jane Sanders said that the UK was looking at enhanced cooperation with India in the civil aviation sector. “We see India as a huge market and it has come up in such short time. The growth has to be sustained.” The UK has design and manufacturing capabilities in advanced aircraft wings etc and there could be synergies with Indian companies.
© India Strategic