I ndia has vast potential in the civil aviation sector, and is projected to be the world’s third largest aviation market by 2020. Recent research studies ranked India as the secondfastest air cargo market after the Middle East. We have seen a pretty decent growth in cargo this year.
After taking into consideration the volume of cargo handled by Air India and Indigo Airlines, the civil aviation ministry has also shown interest in setting up a cargo hub at the Biju Patnaik International Airport; the centre might have a facility of cold storage in future.
On the national front, the ‘Make in India’ campaign has also much to give to the industry if measures can be taken according to the requirements of the logistics industry.
On the other hand, there is the demand of the cargo and logistics sector to be upgraded to an industry status. This has been a long-awaited plea of the cargo entrepreneurs, to have a platform to air their worries and woes.
On the port sector, the Indian government has evinced an interest in the development of Iran’s Chabahar Port. The Union Government has set up a cell to speed work and monitor the setting up of the Chahbahar Port in Iran. This will open up floodgates to many business opportunities in Iran.
In fact, the rate of opening up of Inland Container Depots (ICDs) has been augmented. More companies are entering the ICD segment, which is a significant step toward building integrated logistics capabilities.
And contemplating on these lines, it would be a welcome moment when the government addresses challenges and boosts the logistics and cargo industry to international standards.