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‘Indian Air Cargo: A Revolution Enhancing Global Trade’ sets stage for AIR CARGO INDIA 2018

April 29, 2017 Cargo & Freight No Comments Email Email

The buoyant Indian aviation industry is gearing up for another revolution. India is expected to be the third largest market by 2020 and the largest by 2030.http://www.tourismlegal.com.au/ In the last one and half decade, the country has upgraded its airports at par with the global standards. Improvement in infrastructure directly translated to increase in traffic both in passenger and in cargo segments.

The growth of low-cost carriers (LCCs), followed by the consolidation, 100 percent Foreign Direct Investments (FDI) in aviation, improving domestic connectivity, and adopting Information Technology (IT) tools, all fuelled the growth of the segment. Government’s new National Aviation Policy will propel the next revolution in the aviation in India.

In this context, AIR CARGO INDIA, the only and the most popular global trade show and conference for the air cargo industry in India, announces the theme for its next edition – ‘Indian Air Cargo: A revolution enhancing global trade’.

The 7th edition of AIR CARGO INDIA, organised by The STAT Trade Times, the flagship magazine of the transport and logistics specialist publishing company STAT Media Group, will take place from 20 to 22 February 2018 at Grand Hyatt in Mumbai.

“I am happy to announce the theme for AIR CARGO INDIA 2018, at a time when there are several factors that offer huge tailwinds to India’s air cargo industry. Global industry estimates, India’s impressive GDP and export growth rates, regulatory reforms and aggressive policy initiatives and business sentiments have placed India as the most promising destination in global trade. This years’ theme, ‘Indian Air Cargo – A Revolution Enhancing Global Trade’, I am sure, will attract more industry participation as we are stepping into a fast mode. With AIR CARGO INDIA 2018, we intend to showcase India’s potential and provide a platform for Indian air cargo industry to learn from the best global air logistics leaders and network with them,” says R K Patra, Editor-in-Chief, STAT Media Group.

The air cargo segment registered consistent growth in the last decade. In the past 10 years, the total freight traffic recorded a CAGR of 6.8 percent wherein the domestic freight transport grew at a CAGR of 8 percent, and the international freight traffic grew at a CAGR of 6.1 percent. The forecast for 2023 is that the total freight traffic would touch 4.14 million tonnes at a CAGR of 7.27 percent between FY2016 and FY23. According to the government data, between April 2000 and March 2016 FDI inflows in air transport (including air freight) stood at $931.05 million.

In the National Aviation Policy, the framework designed for air cargo is expected to trigger growth. According to the policy, cargo facilities co-located at an airport are covered under the ‘Harmonised List of Infrastructure’ and will get the benefit of ‘infrastructure’ sector; the Air Cargo Logistics Promotion Board (ACLPB) has been constituted to promote growth in air cargo; and the government will streamline and simplify customs procedures and ensure a shift to paperless air cargo processing through the use of digital signatures for transmission of messages.

The Ministry of Civil Aviation has finalised the new aviation policy, which includes proposals allowing new airlines to fly abroad; introduction of more regional flights connecting remote airports under the Regional Connectivity Scheme or Udan and a new formula for granting bilateral flying rights. It is estimated that around 450 brownfield and greenfield airports would be required by 2020. The government is planning to boost regional connectivity by setting up 50 new airports over the next three years, of which at least 10 would be operational by 2017.

As part of the ‘Make in India’ initiative, the Indian government has given thrust to e-Commerce and exports. Domestic air cargo segment has a high employment potential, especially for semi-skilled workers. Though currently, the domestic air cargo volumes in India are very small in comparison to its global peers but expected to improve in the coming years.

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