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Setting the stage for India to fly high Photograph: Karthik Kumar / Sp Guide Pubns
Capacity building in focus to prepare for a 4-fold increase in air traffic to actualise the ‘Flying for All’ manifest By Vishal Thapar With the underlying theme of ‘Flying for All’, the global aviation industry is set to congregate at Wings India 2020 Hyderabad from March 12 to 15 with the singular agenda: Laying the groundwork for India’s Civil Aviation sector to absorb an expected investment of `100,000 Crore ($13.6 billion) in the next five years alone. This Global Aviation Summit - India’s only focused event on Civil Aviation Industry - is set to be a key platform for policy makers, airlines, airports, industry captains, OEMs and regulators to deliberate on the shape of things to come. Over 150 exhibitors and close to a thousand delegates represent-
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ISSUE 3 • 2020
ing various stakeholders will meet with a focus on capacity building as India prepares itself for a four-fold increase in air traffic over the next 20 years, and for Aviation to be a key accelerator pushing the Indian economy to the $5 trillion threshold by 2025. The global aviation industry will network and brainstorm on hitching on to the blueprint envisaging a growth in passenger traffic from 315 million to 1.1 billion by 2040, becoming the world’s third largest aviation market in the first two years of this two-decade journey beginning now. This growth target involves a $290 billion procurement of over 2,100 aircraft -
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