Industrial Meet of ‘Wings India’-Asia’s largest Civil Aviation Event held at Bengaluru

On January 18, 2020, the Industrial meet of the Asia’s largest Civil Aviation was held in Bengaluru. The Civil Aviation event is to be held at Begumpet airport, Hyderabad in March 2020. The theme of the event will be

Theme: Flying for All

Highlights

The Industrial Meet was held at Bengaluru as the city is the IT Capital of India and has the potential to become an Aviation Capital of the country. The aim of the meet is to unite all the regulators and facilitators of the aviation sector. It was announced at the event that GoI has planned to set up a world class training facility for astronauts and pilots together.

Aviation Sector in India

India is the third largest domestic civil aviation market in the world. Also, it is the second fastest aviation industry in the world. Currently, India ranks 9 in terms of the civil aviation market.

The aviation sector currently contributes 72 billion USD to GDP. It provides job opportunities to 8 million Indians.

Targets set for aviation sector

• • India aims to become the third largest aviation market globally by 2024
  • The number of Indian carriers is to be increased to 1,100 by 2027
  • The freight traffic at the airports of India is to cross 11.4 MT by 2032.

Government measures

The GoI has taken several measures to improve the sector. It includes permitting 100% FDI in sea planes, helicopter services, group handling services and non-scheduled air transport services

Month: Current Affairs - January, 2020