Hyderabad: A Ficci-KPMG report on the Indian aviation sector, launched on Thursday at the ongoing India Aviation 2014 show here, said the country had the potential to become the third-largest aviation market in the world by 2020 and the largest by 2030, given the large untapped potential for growth, as access to aviation was still a dream for 99.5 per cent of its population.
The report, which puts the size of the Indian civil aviation industry at around $16 billion, said the next generation of aviation growth in India will be triggered by regional airports. There are 450 unused or abandoned airports and airstrips across the country. Many states, especially in the east, have started initiatives to promote air connectivity, it said.
“Indian aviation offers significant long-term opportunities for global aviation players. The Indian government and industry are already working together closely,” said Sidharth Birla, president of Ficci.
Read News in full 14/03/14 Business Standard
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