Air cargo volumes looking up
According to figures released by IATA, international air cargo volumes from India hit the million-tonne mark in 2017, a year-on-year growth of nearly 17 per cent. On the domestic front, the tonnage was nearly 12 million, up 8 per cent. Mumbai and Chennai were among the world’s top 10 fastestgrowing airports in freight terms, with 18.1 per cent and 17.2 per cent growth, respectively, while Delhi and Mumbai are among the top 50 biggest freight airports. All of this portends to the huge potential that moving cargo by air has in India. ICRA has projected that air cargo traffic is expected to grow 60 per cent in the country in the next five years. This could also mean a growth in freighter operations, an area in which India has been lagging behind.