Indian Aviation Industry

The Indian civil aviation sector has grown to become the third-largest in the world in terms of 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.

Robust Demand Icon

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.

* In June 2023, the US committed to creating a global hub for MRO for high-end drones in India.

Opportunities in MRO

Policy
Support

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

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

Policy Support

Increasing
Investments

* Investment up to Rs. 420-450 billion (US$ 5.99-6.41 billion) was expected in India’s airport infrastructure between FY18-2FY3#.

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

* In May 2023, It was informed that there is a plan to invest Rs. 1 lakh crore (US$ 12 billion) in airports in the coming days.

Increasing Investments
Last updated: Feb, 2024

Aviation India / Major Airports

  • Delhi
  • Mumbai
  • Chennai
  • Bengaluru
  • Kolkata
  • Hyderabad
Aviation India

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