‘Air cargo will help econ­omy’

AT THE ROUNDTABLE at ‘Wings In­dia 2018’, Jayant Sinha, Union Min­is­ter of State for Civil Avi­a­tion, said the need of the hour is a so­lu­tion-cen­tric ap­proach to cre­at­ing a world-class in­dus­try.

Cargo Talk - - Front Page - CT BUREAU

A col­lab­o­ra­tive, con­sul­ta­tive and a com­pre­hen­sive ap­proach be­tween the pri­vate sec­tor, air cargo and lo­gis­tics in­dus­try and the gov­ern­ment is re­quired

He said the air cargo in­dus­try has high po­ten­tial to be de­vel­oped as a ma­jor in­dus­try and an econ­omy en­abler, like the pas­sen­ger avi­a­tion in­dus­try. Stress­ing that there is a need for a col­lab­o­ra­tive, con­sul­ta­tive and a com­pre­hen­sive ap­proach be­tween the pri­vate sec­tor, air cargo and lo­gis­tics in­dus­try and the gov­ern­ment; the gov­ern­ment would play a fa­cil­i­ta­tor’s role in reg­u­la­tion and pol­icy. “Ini­tia­tives are al­ready un­der­way for a com­pre­hen­sive in­volve­ment of the Min­istry of com­merce & In­dus­try and the De­part­ment of Rev­enue,” Sinha in­formed. Record­ing a 15 per cent an­nu­alised growth and a 20 per cent EBITDA, the air cargo in­dus­try ships about 3.7 lakh met­ric tonnes goods every year and agri­cul­ture and food prod­ucts, phar­ma­ceu­ti­cals, leather and tex­tiles are the pri­mary sec­tors. To­day, 65 per cent of air cargo, in­clud­ing do­mes­tic and in­ter­na­tional are moved by top 10 air­lines and the vast ma­jor­ity of air cargo is con­cen­trated at the top 10 air­ports of the coun­try. D Pe­ter

Im­manuel, CEO, Aero­space and Avi­a­tion Sec­tor Skill Coun­cil, said that the avi­a­tion sec­tor could take the coun­try to a higher Gross Do­mes­tic Prod­uct (GDP) growth tra­jec­tory. How­ever, this growth could be ham­pered with the lack of skilled man­power. Skill de­vel­op­ment is needed to be de­mand-driven with in­dus­try-led ini­tia­tives. While giv­ing the in­dus­try per­spec­tive, Palash Roy Chowd­hury, Co-chair, FICCI Civil Avi­a­tion Com­mit­tee & MD - In­dia, Pratt & Whit­ney and United Tech­nolo­gies In­dia, said, “Pro­vid­ing ef­fec­tive and ef­fi­cient skill train­ing would al­low coun­try to emerge as an ex­porter of tal­ent to the world.”

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