Evolution of Indian Aviation Industry: -
In the last decade, India has made a significant growth in aviation. As per data from Airports Authority of India (AAI), passenger throughout grew to 159 million (FY 13) and cargo throughput to 2.19 MT (FY 13) registering an impressive growth of 13% and 10% CAGR respectively for the period FY 03-13.
In the last five years, the passenger handling capacity of airports in India has risen from 72 million to 233 million. This capacity growth has been possible because of the proactive step taken by the government and the private sector. India is poised to be among top three aviation markets by 2020, from its ninth position currently.
Investments worth 50 billion USD envisaged
Key highlights of the expected investment over the next five years are mentioned below:
1. Airlines: Indian carriers plan to increase their fleet size to reach 800 aircrafts by 2020
2. Airports: Private operators expected to contribute more than three-fourth of the investment in next 5 years ;including investment in cargo handling and other non-aero infrastructure
3. ATC: Investments in CNS / ATM/ Meteorology equipment up gradation; augmentation of training infrastructure, induction of satellite navigation GAGAN (GPS aided geo-augmented navigation) to harmonize with leading global initiatives as SESAR and NextGen
4. General Aviation: USD 4.3 billion investment planned to augment the GA infrastructure.300business jets, 300 small aircrafts and 250 helicopters expected to be added to the current fleet in next 5 years.