* 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.
* India will require over 2200 aircraft by 2042.
* By 2028, the MRO industry is likely to grow over US$ 2.4 billion from US$ 800 million in 2018.
* Revenues of domestic MRO services providers in India are expected to triple by FY28.
* Union Budget 2024-25 introduces incentives to boost MRO activities in aviation, including extending export and re-import periods for repairs and implementing a 5% uniform IGST on aircraft parts.
* As per the present FDI Policy, 100% FDI is permitted in scheduled Air Transport Service/Domestic Scheduled Passenger Airline (Automatic upto 49% and Government route beyond 49%). However, for NRIs 100% FDI is permitted under automatic route in Scheduled Air Transport Service/Domestic Scheduled Passenger Airline.
* Six international airports completed under PPP. The sector is expected to witness investments worth US$ 25 billion by 2027.
* The Ministry of Civil Aviation is developing Public-Private Partnership (PPP) modalities for the privatization of 25 airports under the National Monetization Pipeline.
Union Minister of External Affairs, Dr. S. Jaishankar and Union Commerce an...
Seaweed, a highly versatile marine resource, holds significant potential fo...
The Indian sugar industry is undergoing a transformation as it embraces eth...
India ranks fourth in the world after the United States, China, and Brazil ...