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President Pranab Mukherjee will inaugurate the fifth India Aviation 2016 today in Hyderabad. Simultaneously a five-day biennial aviation show will be organized jointly by the Union Civil Aviation show and the Federation of Indian Chambers of Commerce and Industry (FICCI).
- Nearly 25 countries are participating this year in the India Aviation Show and the theme of the show has been decided to be India civil aviation sector: Potential as global manufacturing hub. According to Joint Secretary of Union Civil Aviation, Anil Srivastava, India Aviation has the potential to attract more importance since India is going to become the third largest aviation market after US and China in the world by the year 2020.
- It is reported that there is expected to be an increase in the passenger traffic from the current $160 million to $450 million by 2020. The aviation sector is expected to have an investment of above $12 billion while major contribution is expected to be from private sector. It is also reported that 200 cost effective airports are going to be built in the next 20 years to connect tier-II and tier-III cities across the country.
- Also around $1.3 billion have been sanctioned to utilize on non-metro projects in the next 2 years mainly putting sole efforts on upgrading and modernizing airports across the country. At present over 85 international airlines duly operate to India ad 5 Indian airlines connect over 40 countries. Simultaneously Indian aviation market is not yet being untapped fully with annually 0.04 trips per capita compared to 0.3 in China and more than 2 in the US.
- In India Aviation 2016, foreign delegates including ministers and ambassadors, government officials, aviation industry bodies and business tycoons along with shareholders from about 40 countries and leading aircraft and helicopter manufacturers like Boeing, Airbus, Textron, AA Embraer, Gulfstream, Dassault, Agusta Westland, Bell Helicopters, and Russian Helicopters will be participating. Around 30 aircrafts including small jets and big aircrafts like B777 by Air India, Dornier by HAL, TAC-003 by Thrust Aircraft Co., MI-172 by Pawan Hans, A 350 by Qatar Airways; A0330-300 by Air Asia; Legacy 500, 650, Phenom 200 and 300 by Embraer, B-787 by Etihad, A380 by Emirates will be displayed. IndiGo airlines will showcase A320 Neo which debuted recently and is supposed to be the first eco-friendly and fuel-efficient aircraft. Lastly, it has been revealed that the first three days will be opened only for business visitors while the last two days will be opened for public viewing.
(Source: DNA)
