Jayant Sinha: Indian aviation market to beat US, China in 15-20 years
New Delhi: Union Minister Jayant Sinha made a big claim on Thursday in regards to the Indian aviation market. While speaking at the day-long Ideas Summit 2017 of entrepreneurs, Sinha said, India’s aviation market would surpass the US and China by crossing a billion passenger trips per year in the next 10 to 15 years. “The growth in aviation sector is unprecedented. In the last three-four years, we have actually been growing at 15-20 per cent. From 100 million passenger trips a few years ago we will double to about 200 million passenger trips this fiscal. In fact, India is already the third largest domestic aviation market in the world only after the US and China,” he said. Giving the stats of the US and China’s aviation market Sinha said, the United States stood at around 900 million passenger trips per year while China stood at 600 million and projected that in India the market will grow to a one billion passenger trips market in the next 15-20 years. “So, from 500 planes in the sky, we will have to go to about 2000 planes,” Sinha said at the event organised by the Foundation for Resource Development and Education at SKICC. The Union minister said aviation was going to be one of the largest industries in India and airlines had placed orders for over 900 planes.
Meanwhile, Sinha also announced that the Srinagar Airport will soon see a major revamp with night landing facility and international connectivity. He said that the Valley will be directly connected to international destinations like Kuala Lumpur and Dubai. “My endeavour will be to have international flights in Srinagar by the time tourist season starts in May-June,” Sinha said in Srinagar. For the benefit of pilgrims travelling to Vaishno Devi, the union minister said that his ministry is exploring of building new airport in Katra, Jammu. Sinha was addressing at the day-long Ideas Summit 2017 of entrepreneurs.
Sinha said that most of the work to make night landing facility operational have been completed. “We are going to be working very hard to get night landing done in Srinagar as soon as possible. We are going to build approach lights so that landing takes place in the night and they also help in safer landing even in low visibility,” he said. Sinha added that “I have been told that most of the arrangements for night landing have been done and the approach lights will be readied soon and it will be implemented. This will happen in just a few months and should not take more than that.”