New Delhi. India with 42.92 million international and 57.49 million domestic air travelers has a total of 100.41 million air passengers. The numbers quoted above are based on trips which indicate that a passenger making multiple trips would be counted as multiple passengers. According to the data from Capa, an international aviation consulting firm, an increase of 10% in the first eight months of 2013 has been noticed in the number of people flying between India and international destinations and number of people flying domestically in India has increased by 2.54% which implies that there has been a remarkable increase in the number of flights to and from India.
The reason could very well be the fact that there is a rapid expansion of air transport networks and unlocking of airport infrastructure to private sector participation. The airlines now are awaiting new market opportunities beyond metros given the fact that metro routes are now highly competitive and well served. Furthermore, it seems that connecting the un-served and under-served areas has become one of the key objectives of the government credits to rising incomes and growth of middle class population, growth of inbound and outbound traffic, development of India as a popular tourism destination, increased integration with the global economy, cross country travel by students, etc.
Improved international connectivity is supported by regional connectivity which consecutively strengthens our economy to battle in the international market place victoriously. Indian Government intends to create a larger number of low cost airports by persuading and incentivising re-distribution of traffic beyond the metro airports. By supporting regional airports, aviation strategy could unchain regional economies’ potential for growth by supporting inward investment and eventually making the growth process equitable and inclusive. Under the Greenfield Airport Policy, the Government is paving the way to develop 17 additional airports in the country by recognising a suitable low cost viable model for advancement of small airports. The Airport Authority of India (AAI) intends to invest Rs 1500 crore in the development of non metro airports during the 12th Five Year Plan. The second phase of growth in Indian aviation industry is expected to come from Tier-II and Tier-III cities by developing low cost airports to endorse regional connectivity.
In order to highlight upcoming opportunities in Indian civil aviation sector and to offer a stage for deliberating upon the strategies to exploit enormous potential of the underserved and unserved regions of India, Ministry of Civil Aviation, Government of India and Federation of Indian Chambers of Commerce and Industry (FICCI) together are organising India Aviation Conference 2014 on March 13, 2014 during the India Aviation 2014 Show. For this biennial event, the Partner Country will be USA and France will be the Guest Country.
The conference will display latest technologies, ideas and practices followed globally to augment regional air connectivity and also financial techniques and methodologies to meet growing financial needs of the industry.
India Aviation Conference would bring together influential Government officials, key policymakers, leading airport developers, major investors & financial institutions, global experts, corporate leaders, potential customers/business partners, etc. There would be business delegations from USA and other countries, participating in the conference. It would thereby provide immense opportunities to network with global aviation fraternity and tap the emerging investment opportunities in the Indian civil aviation market.
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