Air cargo vol­umes look­ing up

Maritime Gateway - - News -

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.

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