India to become world’s 3rd largest aviation market by ’20


India is set to become world’s third largest aviation market by 2020, with enhanced airport system that can handle 336 million domestic and 41 million international passengers, Civil Aviation Minister Ajit Singh said on Wednesday.

India is currently ranked 9th in the aviation market globally.

Speaking after inaugurating the five-day India Aviation 2014 at Begumpet Sirport here, Singh said: “Commercial fleet size is also expected to grow from 400 aircraft today to 1000. At the same time, the government has envisaged an investment of $12.1 billion in the airport sector during 12th plan period, of which $12.1 billion will come from private sector. This investment would help in modernisation of the existing airports and development of low cost airports.”

Full report here Khaleej Times


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