The average daily domestic aviation passenger is set to surpass the earlier peak of 456,000 by October 2023, civil aviation minister Jyotiraditya Scindia said at the CAPA India Aviation Summit.
India experiencing daily domestic aviation passengers of around 420,000 - 440,000 at the moment, the minister said.
The aviation minister termed the recovery in the Indian aviation sector as V shaped after COVID-19 pandemic.
Scindia highlighted the vast opportunity that the sector presents as India still only has around 3-4 percent penetration.
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The six biggest airports in India will cater to 420 million passengers annually by 2027.
The minister said that India needs to put in place infrastructure to support a $20 billion dollar economy by 2047. Growth of Indian economy, speed of urbanisation in India, growth in the disposable income of Indian citizens and growing aspiration of India citizens will boost the growth of civil aviation in the country.
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Scindia also batted for a lower Value Added Tax as it will promote growth of the aviation market in the country.
Scindia said that the next big milestone in aviation for India is to go big on local manufacturing of aircrafts and components.
On the growth of the drone industry, he said it is now worth around Rs 800 crore from Rs 60 crore in 2021.
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He said India will add 15 new Flight Training Organisations by Q1FY25. India will have a total of 50 flight training organisations by Q1FY25.
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