VISION 2050: SHAPING INDIAN AVIATION'S FUTURE
As India plans to be a global aviation hub and one of the top three aviation markets worldwide by 2020, experts give us an overview of the this industry
jets, enables executives to conduct business more efficiently and have greater control over their time.
"Business aviation is among the fastest growing sectors in India. I strongly feel that if the synergy between defence and civil aviation were to happen and add to that the number of people traveling by air, it could boost this sector Overall, there is a lot of potential for this sector in India," notes Lt Gen Subrata Saha.
Business jets are not just status symbol anymore. People are realizing the efficiency of a private aircraft. Business jets provide you with absolute control over travel plans. Owning a jet or using one by charter provides you the ability to travel at your own schedule. You are able to visit multiple cities in one day; avoid queues at the airport; able to conduct meeting in privacy on board the aircraft. Moreover, you can travel to airports that don't have commercial airline services. need access to business aircraft and may not necessarily want to own one or be able to own one.
Corporate aviation, whether by complete or fractional ownership, is a piece that the industry and the government cannot ignore - it could be the next big pull for the economy, bringing in revenues from both foreign travellers and increased domestic business efficiency.
India plans to be a global aviation hub and one of the top three aviation markets worldwide by 2020. By 2020, passenger traffic at India Airport is expected to increase to 450 million from 159.3 million in 2012-2013. The aviation sector is likely to see investments totalling USD 12.1 billion during 12th Five Year Plan, out of which USD 9.3 billion is expected to come from the private sector. 200 low-cost airports are planned to be built in the next 20 years to connect tierII and tire-III cities. USD 1.3 billion is planned to be spent on non-metro projects during 2013-17 mainly focusing on the modernisation and up gradation of airports.