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.
* India will require over 2200 aircraft by 2042.
Opportunities
in MRO
* 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.
Policy
Support
* 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.
Increasing
Investments
* 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.
INDIRA GANDHI INTERNATIONAL AIRPORT (IGIA)
Indira Gandhi International Airport is the main gateway to Delhi, India, and one of the busiest airports in the region. Operated by Delhi International Airport Limited, which is owned by GMR Infrastructure (54%), Airports Authority of India (26%) and Fraport (10%), Eraman Malaysia (10%). The airport hosts domestic, regional, and international passenger and cargo services from over 40 airlines. The airport acts as a hub for airlines including Air India, Air India Regional, Blue Dart Aviation, GoAir, IndiGo, JetLite, and SpiceJet.
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Indigo
IndiGo, continue to be India’s largest passenger airline. The company primarily operates in India’s domestic air travel market as a low-cost carrier with a focus on three pillars – offering low fares, being on time, and delivering a courteous and hassle-free experience. IndiGo has become synonymous with being on time.
Read MoreSpiceJet
SpiceJet is an Indian low-cost carrier based at Indira Gandhi International Airport, New Delhi. SpiceJet is one of India's largest airlines serving domestic destinations across India. The airline commenced international operations in October 2010 and currently operates flights to 62 destinations – 53 domestic and 9 international.
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