The total market opportunity in the Indian air cargo sector is expected touch 2.8 million tonnes by 2018, increasing at a compounded annual growth rate of 5.5%, a study said.
In 2014, the market size was 2.26 million tonnes. Experts said that the industry will maintain the growth path for at least the next five years.
According to analysts, one of the major reasons behind the growth of the air cargo industry has been the relaxation of the FDI (foreign direct investment) limit by the government.
The present government is willing to attract foreign investment and that has proved to be a major boost for the industry.
09/05/15 The Dollar Business Bureau
In 2014, the market size was 2.26 million tonnes. Experts said that the industry will maintain the growth path for at least the next five years.
According to analysts, one of the major reasons behind the growth of the air cargo industry has been the relaxation of the FDI (foreign direct investment) limit by the government.
The present government is willing to attract foreign investment and that has proved to be a major boost for the industry.
09/05/15 The Dollar Business Bureau
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