General Electric's aviation arm, GE Aviation, is a pioneer in
manufacturing aircraft engines for commercial, business, military, and
general aircraft worldwide. The company, which powers "the world's
fleets," is quite bullish about the prospects evolving from emerging
economies such as India.
The company's CEO Jeff Immelt had said that he expects revenue to gallop between 15%-20% every year in the third largest Asian economy. Though Immelt did not say from where this will be generated, it wouldn't be farfetched to assume that aviation could form a key component of this growth. Here's a low down on the prospects of the Indian aviation sector and GE's plans.
In pursuit of achieving brisk growth GE Aviation's India Fact Sheet reveals some amazing facts about the prospects of the Indian aviation industry, and forecasts phenomenal growth over the next 20 years. Some key projections are:
By 2031, aircraft fleet is estimated to increase to 1,606 from 402 in 2011.
Through 2031, Indian domestic air traffic would grow at a CAGR of 9.9% compared with 4.7% by the worldwide air traffic.
By 2031, the Indian domestic sector would see the fifth largest air traffic in the world.
Market value of new planes required to satisfy the demand in India between 2012 and 2031 is $175 billion.
GE wants to be a part of this growth story. With more than 30 years of operating history in the Indian aviation sector, the company could make big gains if it puts its resources in the right channel.
Read news in full 05/07/14 GThe Motley Fool
The company's CEO Jeff Immelt had said that he expects revenue to gallop between 15%-20% every year in the third largest Asian economy. Though Immelt did not say from where this will be generated, it wouldn't be farfetched to assume that aviation could form a key component of this growth. Here's a low down on the prospects of the Indian aviation sector and GE's plans.
In pursuit of achieving brisk growth GE Aviation's India Fact Sheet reveals some amazing facts about the prospects of the Indian aviation industry, and forecasts phenomenal growth over the next 20 years. Some key projections are:
By 2031, aircraft fleet is estimated to increase to 1,606 from 402 in 2011.
Through 2031, Indian domestic air traffic would grow at a CAGR of 9.9% compared with 4.7% by the worldwide air traffic.
By 2031, the Indian domestic sector would see the fifth largest air traffic in the world.
Market value of new planes required to satisfy the demand in India between 2012 and 2031 is $175 billion.
GE wants to be a part of this growth story. With more than 30 years of operating history in the Indian aviation sector, the company could make big gains if it puts its resources in the right channel.
Read news in full 05/07/14 GThe Motley Fool
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