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

Posters

MORE
INDIA FLYING HIGH

INDIA FLYING HIGH

India is the fastest growig domestic air market in the world

IBEF Campaigns

MORE
Gulfood Dubai 2023

Gulfood Dubai 2023

APEDA India Pavilion Gulfood February 20th-26th, 2022 | World Trade Centre,...

India Organic Biofach 2022

India Organic Biofach 2022

Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nuremberg, ...

Case Studies

MORE

Promoting Indigenous Start-ups: Case Study of Investor Interest in Small-town Start-ups

Promoting Indigenous Start-ups: Case Study of Investor Interest in Small-town Start-ups

As urban markets become saturated, investors are turning their gaze towards the untapped potential of small-town innovation, driven by a desire to fos...

India's White Revolution

India's White Revolution

The "White Revolution" in India refers to the successful implementation of Operation Flood, a dairy development program launched on January ...

The Growth of Ayurveda in India

The Growth of Ayurveda in India

Ayurveda, an ancient health system originating from India, has a longstanding history. It revolves around using plants and herbs to maintain health an...

IBEF BLOG

MORE
India's Solar Power Revolution
10 Apr 2024

India's Solar Power Revolution

India is leading the renewable energy revolution, with a strategic emphasis...

Empowering MSMEs: Fintech Solutions for Small Businesses in India
10 Apr 2024

Empowering MSMEs: Fintech Solutions for Small Businesses in India

Micro, small, and medium enterprises (MSMEs) are the backbone of the Indian...

Unlocking India's Digital SME Credit Gap and Economic Potential
2 Apr 2024

Unlocking India's Digital SME Credit Gap and Economic Potential

The Indian economy thrives on the contributions of the Micro, Small, and Me...

Partners
Loading...