Sky-High Ambitions: India’s Runway to a Global Aviation Hub (Business Opportunities - Advertising Service)
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Item ID 4081237 in Category: Business Opportunities - Advertising Service
Sky-High Ambitions: India’s Runway to a Global Aviation Hub | |
India is gearing up for a major transformation in its aviation sector, with ambitious plans to upgrade airport infrastructure and bolster both passenger and cargo operations. As the country sets its sights on establishing itself as a global aviation hub, industry leaders and policymakers are aligning their strategies to meet the soaring demand for air travel and efficient cargo handling. A Balanced Focus on Passenger and Cargo Aviation Jaideep Mirchandani, Group Chairman of Sky One, emphasizes that true global aviation status hinges on a dual focus: strengthening both passenger and cargo aviation. “Upgrading airport infrastructure will augment India’s image as a global aviation hub,” he says, underscoring that a balanced emphasis on the two sectors is essential to drive sustainable growth. The recent Union Budget introduced significant initiatives to upgrade air cargo infrastructure, including investments in air cargo warehousing, particularly for perishables. These measures also aim to streamline cargo screening and customs protocols, ultimately enhancing efficiency and boosting the ease of doing business. Passenger Traffic on the Rise The figures speak for themselves. In 2024, domestic airlines operated over 1.02 million scheduled flights, ferrying 146.4 million passengers, while international routes saw 64.5 million passengers on board. This surge in domestic air traffic has been spurred by Indian airlines expanding their fleets and increasing the frequency of flights. Furthermore, the rising demand for long-haul and ultra-long-haul routes from major airports highlights the need for expanded infrastructure that can accommodate growing passenger numbers. Expanding Infrastructure: Greenfield Airports and Beyond To meet this demand, the government has greenlit the development of 21 greenfield airports across India. Already operational are 12 new airports located in key regions such as Durgapur, Shirdi, Sindhudurg, Pakyong, Kalaburagi, Orvakal, Kushinagar, Itanagar, Mopa, Shivamogga, and Rajkot. Alongside these projects, two major international hubs—Noida (Jewar) and Navi Mumbai—are poised to open soon, promising to revolutionize international connectivity. The development isn’t confined to new airports. Capacity expansion projects are also underway at existing domestic terminals, particularly under the Regional Connectivity Scheme (UDAN). These projects are not only intended to accommodate rising passenger volumes but also to prevent congestion and ensure smooth travel experiences at major airports. A Rs.60,000 Crore Investment in the Future of Aviation In a report by CRISIL Ratings, it is revealed that Indian airports are set to incur a cumulative capital expenditure of over Rs 60,000 crore in the three years leading up to fiscal 2027. This represents a significant 12 percent increase from the Rs 53,000 crore spent during the fiscal period 2022-2024. Such robust investments are being channeled into aviation-related infrastructure, including state-of-the-art terminal buildings, extended runways, and enhanced non-aeronautical facilities like lounges, food courts, and retail spaces. This surge in capital expenditure is expected to boost revenue streams and further solidify India’s standing in the global aviation arena. The Future of Indian Aviation As India prepares for an exciting era of expansion in its aviation sector, the integration of sustainability measures, favorable regulatory decisions, and state-of-the-art infrastructure will be critical to achieving a balanced, thriving aviation ecosystem. With visionary leaders like Jaideep Mirchandani at the helm, the country is not just building airports—it’s building a future where India soars as a global aviation powerhouse. Whether you’re a frequent flyer, a business traveler, or an industry observer, the rapid advancements in Indian aviation promise to make every journey smoother, more efficient, and truly world-class. Fasten your seatbelts—the future of travel is taking off! | |
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| Target Prov.: All Provinces Target City : united arab emirates Last Update : Apr 22, 2025 3:00 AM Number of Views: 38 | Item Owner : Skyone Contact Email: Contact Phone: +971 6557 9577 |
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2025-04-25 (0.610 sec)