Wednesday, March 16, 2016
The President of India Pranab Mukherjee today inaugurated an Indian Aviaation Show 2016 at Begumpet Airport.
The show is jointly organized by the Union Civil Aviation Ministry and the Federation of Indian Chambers of Commerce and Industry (FICCI)More than 200 players from 25 countries have participated in the show showcasing aircraft and helicopters from Boeing, Airbus, Textron, Embraer, Gulfstream, Dassault, Agusta Westland, Bell and Russian Helicopters.
Pranab Mukherjee said that India is currently in the ninth largest civil aviation market in the world and is on a move to be in the third by 2020 after United States and China. By 2020, passenger traffic at Indian airports is expected to increase to 450 million, from 159.3 million in 2012-13. The aviation sector is likely to see investments totaling $12.1 billion during the 12th Five-Year Plan, of which $9.3 billion is expected to come from the private sector. Union Civil Aviation Joint Secretary Anil Srivastava said that the passenger traffic in the country is expected to increased to 450 million by 2020 from the current 160 million. He said by the end of 12 Five-year plan, the investments would be around 12 billion US dollars. He said that 85 international airlines operate to India and 5 Indian carriers connect to over 40 countries.