Indian Aviation Industry

India's aviation sector has become the third largest domestic aviation market in the world in terms of handling domestic traffic.

Advantage India

Robust
Demand

* Rising working group and widening middle class demography is expected to boost demand.

* Country will become the third largest aviation market in terms of passengers by 2024.^

Opportunities
in MRO

* By 2028, the MRO industry is likely to grow over US$ 2.4 billion from US$ 800 million in 2018.

* Land allotment for entities setting up MRO facilities in India has been revised to a period of 30 years in September 2021, from the current 3-5 years as the government aims to make India a ‘Global MRO Hub.’

Policy
Support

* Foreign investment up to 49% is allowed under the automatic route.

* Under Union Budget 2021-22, the government lowered the custom duty from 2.5% to 0% on components or parts, including engines, for manufacturing of aircrafts by public sector units of the Ministry of Defence.

Increasing
Investments

* Investment to the tune of Rs. 420-450 billion (US$ 5.99-6.41 billion) is expected in India’s airport infrastructure between FY18-23#.

* Growing private sector participation through the Public-Private Partnership (PPP).

Last updated: May, 2022

Aviation India / Major Airports

  • Delhi
  • Mumbai
  • Chennai
  • Bengaluru
  • Kolkata
  • Hyderabad
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