The booming economy, growth in tourism industry, increase in low cost carriers, growing bilateral agreements and liberalized policy has immensely contributed towards achieving an unprecedented growth in aviation sector in India in recent times.
India, with passenger base of 143 million and freight volume of 2.3 million tones, has become one of the largest aviation markets in the world. According to projections, over the next 20 years the Indian market would require 1,130 commercial aircrafts valued at approximately US$ 130 billion.
Growing Airlines Industry : Riding on the strong growth in the aviation sector, the airlines have also grown manifold. While the number of scheduled passenger airlines has grown to 14, there are 70 airlines that operate in and out of India today. What is notable & revolutionary is the advent and success of low cost airlines which have captured almost 40% of the domestic passenger market within a few years time.
Expanding Airport Capacity : On the other hand to cater to the growing needs, airport sector has gone through a major transformation in India. The number of operational airports has increased from 50 in 2000 to 82 in 2010. The handling capacity of airports has grown tremendously to 235 million and cargo to 4.5 million currently.
New landmark airports : T3 terminal at New Delhi (the 8th largest passenger terminal in the world), upgraded Mumbai Airport, Greenfield airports in Bangalore, Hyderabad & Cochin & development of non-metro airports, are the firm indicators that India is ready to cater not only to the growing Indian traffic but also to the global traffic.
Emerging Opportunities for Allied Industry (MRO, Catering, Ticketing & Travel Management, Ground Handling, Storage and Warehousing, etc.) : Buoyed by the aviation industry growth prospects, the stage is all set for growth in the aircraft maintenance, repair & overhaul (MRO) market as well. India’s geographical location is very conducive towards setting up of MRO facilities. There is not a single MRO within a five and half hour fly zone over India. A recent analysis by the Aeronautical Society of India estimates the MRO market in India to grow from less than $1 billion today to about $2.6 billion by 2020.
Against the above backdrop, the Confederation of Indian of Indian Industry (CII) is organizing a National Conference on “Civil Aviation & Airport : Emerging Demand Scenario, Potential & Challenges” at Hotel Le- Meridien.