Hyderabad: Only 0.5 per cent of the Indian population has access to aviation. For the rest, it is still a dream. This large demand will make India the third largest aviation market by 2020 and the largest in a decade from then, according to India Aviation 2014 Enhancing Air Connectivity report by Ficci-KPMG.
According to the report, Indian carriers plan to double their fleet size by 2020 to around 800 aircraft. At present, the Indian civil aviation industry is estimated to be $16 billion. The current MRO market size is estimated to be around $700 million. The total manpower requirement of airlines could rise to 1,17,000 by FY 2017 from 62,000 in FY 2011, the report said.
There will be emphasis on no-frills airports and regional connectivity. At present, there are around 450 used/un-used/abandoned airports and airstrips spread in the country, it said.Many states, especially in the eastern part, have started taking measures including reduction in sales tax on ATF and supportive policies for airlines and tourism to promote air connectivity. West Bengal is the first large state in the country to declare zero per cent sales tax on ATF at its regional airports and 15 per cent sales tax on ATF used by additional flights started at its metro airport in Kolkata, it said.
Read news in full 13/03/14 mydigitalfc.com/B Krishna Mohan
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