Minister of Civil Aviation Mr. K Rammohan Naidu highlighted India's push to become a global aviation hub and boost domestic aircraft manufacturing, stressing the need for strategic investments and regional collaboration at the Asia Pacific Ministerial Conference.

Indian airlines achieved a significant milestone in July 2024, transporting over 12.9 million passengers, with IndiGo leading the market at 62% share, reflecting strong growth in domestic air travel.

Union Minister for Civil Aviation Mr. Rammohan Naidu emphasised the government's focus on strengthening India's MRO sector, targeting domestic and international airlines, with projections to double industry size to US$ 4 billion in seven years.

The Government announces a 5% IGST rate on aircraft imports and 100% FDI via automatic route for MRO, boosting India's aviation sector competitiveness.

In Tokyo, External Affairs Minister Mr. S. Jaishankar announced a US$ 42 billion investment target between India and Japan by 2027, highlighting deepening economic ties and infrastructure progress.