PM Modi Highlights Aviation Boom as Indian Airlines Order Over 2,000 New Aircraft
With 240 million passengers flying each year—more than the combined populations of the majority of nations in the world—Indian airlines are still growing by double digits. PM Modi stated
Indian carriers have ordered more than 2,000 new aircraft, according to Prime Minister Narendra Modi, who praised the aviation industry’s explosive expansion during the last ten years.
Speaking at the plenary session of the World Air Transport Summit (WATS) and the 81st Annual General Meeting (AGM) of the International Air Transport Association (IATA), the Prime Minister stated that India’s aviation industry is at a turning point.
Additionally, more than 2,000 aircraft have been ordered by Indian carriers, signalling the start of a revolutionary adventure. He claimed that India’s aviation industry is now at a turning point and prepared to reach new heights.
“This journey will not only cross geographic boundaries, but it will also advance sustainability, encourage green mobility, and guarantee fair access for everyone,” he continued.
Unprecedented change
PM Modi also praised the aviation industry in India, which has experienced a remarkable transformation.
Forty-two years ago, in 1983, India hosted its last IATA AGM. A lot has changed in the last forty years, the prime minister said.
India’s civil aviation industry has seen an unparalleled metamorphosis in recent years. India is currently the third-largest domestic aviation market in the world, he noted.
Over the past forty years, India has seen significant change. India is more self-assured now than it has ever been. We are not just a sizable market in the global aviation ecosystem, but we also represent innovation, inclusive development, and policy leadership,” Modi continued.
UDAN success
Prime Minister Narendra Modi also emphasised the accomplishments of his government’s 2016 UDAN (Ude Desh ka Aam Naagrik) program, which aimed to increase public access to the aviation sector.
“Indian civil aviation has entered a golden age with the triumph of the UDAN project. More than 15 million passengers have benefited from reasonably priced air travel through this program,” he stated.
With 240 million passengers travelling each year—more than the combined populations of the majority of nations in the world—Indian airlines are still growing by double digits, he said.
According to Modi, it is anticipated that this figure will rise to 500 million passengers by 2030.
Modi pointed out that the number of airports in India has more than doubled to 162 from just 74 in 2014.
Citing a simpler tax structure, simplicity of compliance, and a streamlined regulatory environment, he welcomed international businesses to invest in the nation’s rapidly expanding aviation industry.
“India has emerged as the world’s third-largest domestic aviation market,” he stated.
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