Current 14.5 crore air passengers projected to rise to 42.5 crore by 2035: Jyotiraditya Scindia
Scindia also highlighted how regional air connectivity has made civil aviation more accessible, leading to the emergence of four regional carriers.
Civil Aviation Minister, Jyotiraditya Scindia, said that India is poised for substantial growth in its aviation sector, and the current 14.5 crore air passengers are projected to rise to 42.5 crore by 2035.
"This growth potential presents an opportunity for international players to engage in India's aviation market,” he said at the International Aerospace Conference, organized by the CII.
Scindia also highlighted how regional air connectivity has made civil aviation more accessible, leading to the emergence of four regional carriers.
He stressed the importance of growing civil aviation as both a service and a product, urging aerospace companies to establish a strong presence in India.
He also said that the foundation stone of the upcoming terminal building of Gwalior airport was laid in October 16, 2022, and assured that it will be completed in a period of 15 months by the end of 2023, making it the fastest-built terminal building in the history of India.
The conference's overarching theme is 'Moving Towards Inclusive Global Value Chain'.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
06:14 PM IST