Indian Civil Aviation on the upswing India’s civil aviation industry has witnessed plenty of action during recent years. Rise in passengers, new airports and novel government programmes have made India the third biggest civil aviation player in the world.
I
ndia is the third biggest and one among the fastest growing civil aviation markets in the world. To meet the demand of the rising air traffic, the Government of India is increasing the number of airports in the country. As per official data, India has 103 operational airports as of March 2019 and it is planned to raise this figure to 190200 by financial year 2040. The increase in passengers has also witnessed additions to the aircraft fleet. As of July 2018, around 620 aircraft were being operated by scheduled airline operators in India and number was expected to grow to 1,100 planes by 2027. According to the Department of Industrial Policy and Promotion (DIPP), FDI inflows in India’s air transport sector reached US Dollars 1,904.37 million between April 2000 and June 2019. India’s aviation
industry is expected to witness an investment of Rs 35,000 crore (US dollars 4.99 billion) in the next four years. The Indian government also has plans to invest US Dollars 1.83 billion for development of airport infrastructure along with aviation navigation services by 2026. India’s aviation industry has witnessed a lot of action during the recent years. For instance, in December 2019, France-based Safran Group said it was considering an investment of US Dollar 150 million in a new aircraft engine maintenance, repair and overhaul (MRO) unit in India to cater to its airline customers. In November 2019, the Competition Commission of India (CCI) approved the acquisition of shareholdings in Mumbai International Airport Limited (MIAL) by Adani Properties Private Limited
Hardeep Singh Puri Civil Aviation Minister of India
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