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15px}.image-align-center-label{background-image:url(../images/align-center-2x.png?ver=20120916);background-size:21px 15px}.image-align-right-label{background-image:url(../images/align-right-2x.png?ver=20120916);background-size:22px 15px}} India: Opportunities in Civil Aviation Sector | Ondernemen in Ontwikkelingslanden

India: Opportunities in Civil Aviation Sector

India: Opportunities in Civil Aviation Sector

The growth in civil aviation in India has thrown up many opportunities for foreign companies. Some of the areas where foreign companies can look for business in India’s aerospace market are as follows:
1. A draft civil aviation policy will be announced in November 2015. The final version of the policy, after feedback from industry, will be announced during the first quarter of 2016.
2. The new policy aims to make India the third largest civil aviation market in the world in five years’ time.
3. The main objective of the new policy will be to give a boost to MRO facilities and aerospace manufacturing in India.
4. The Airports Authority of India has already reduced the royalty charged from MRO companies from 36% to 13%. MRO companies are also allowed to access external commercial borrowing, which was not earlier allowed.
5. The new policy will also give emphasis to ground handling and skills upgradation.
6. India’s annual growth in air travel is currently 18.3% compared to the global growth of 5.7%.
7. India will be needing 1,740 new aircraft in 20 years.
8. India’s MRO industry is currently $ 700 million and this is expected to grow to $ 1.2 billion in five years.
9. India is the 9th largest air passenger market.
10. India will be spending $ 3.5 billion in 4 new greenfield airports and will be upgrading the airports in Chennai, Kolkata, Ahmedabad and Jaipur.

OPPORTUNITIES IN CIVIL AVIATION

OPPORTUNITIES IN CIVIL AVIATION

Hi, My Name is Neeraj Kumar, I am inviting company who wants to setup their Bussiness In India, 

As india have very Growing bussiness in Civil Avation. If MRO Compaies looking to expend his busniess in India. I M ready to serve and wants to be partnership to build the relationships.

Regards,

Neeraj Kumar