One more domestic cargo terminal
The Indian air cargo sector contributes an average of around 10% to the airline industry’s revenue. In this scenario, the development of such cargo terminals will facilitate exports.
Aircargo represents an average of about 10% of the airline industry's revenue and about 35% of goods traded globally are transported by air. The civil aviation ministry has identified 24 airports, including Sardar Vallabhbhai Patel International Airport, for developing dedicated domestic air cargo terminals.
The plans for creating such cargo terminals across the country are in sync with the government's plans to create a national logistic network for a faster movement of goods.
"Currently, one or two nonscheduled cargo flights land at Ahmedabad in a week. The dedicated cargo terminal will require infra- structure development as well including inventory capacity building," said RK Singh, Airport Director, Sardar Vallabhbhai Patel International Airport.
This is a step forward for the Indian air cargo sector and will give a boost to the exporting community. These dedicated cargo terminals at airports will reduce dwell time and enable exporters to deliver in record time.
In 2013-14, the city airport handled 51,637 tonnes of cargo, including gold and silver, with over 60% of cargo coming from domestic sector. “A dedicated cargo terminal will streamline all the process and rates. This step will definitely boost cargo movement," said Sameer Mankad, director, Gujarat State Exports Cargo Ltd (GSECL).
A study by Airports Authority of India states that air cargo, at a growth rate of 5%, is expected to reach 2,79,6000 MT by 2017-18. This figure may go up to 4,14,2000 MT by 202223 at a growth rate of 8.2%.
Apart from the development of cargo terminals, 24x7 customs clearance facility for imports and exports will help in cutting down cost and time.
Finance Minister had said, "Faster clearance of import and export cargo reduces transaction costs and improves business competitiveness. To help achieve these objectives, measures are being initiated to extend the existing 24x7 customs clearance facility in respect of specified import and export goods.”