Economic Impact Report- Aviation
The Vice President, M. Venkaiah Naidu addressing the gathering after releasing the Economic Impact Report and Coffee Table Book of Delhi Airport, on completion of 12 years of operations of GMR Group at Delhi Airport, in New Delhi on October 30, 2018. The Lt. Governor of Delhi, Shri Anil Baijal, the Minister of State for Civil Aviation, Shri Jayant Sinha and the Secretary, Ministry of Civil Aviation, Shri R.N. Choubey are also seen.

‘Safety of passengers must be at centre of Aviation sector as India thrives to turn third largest aviation market by 2024 surpassing UK’

The Vice President of India, M. Venkaiah Naidu has said that safety of passengers should be paramount for any transportation service and asked aviation industry to place passengers’ convenience at the centre of all activities. He was addressing the gathering after releasing the Economic Impact Report and Coffee Table Book encapsulating the growth story of Indian Aviation marking completion of 12 years of operations of GMR Group at Delhi Airport, on 30 October 2018.

If one looks at the world aviation scenario, it has doubled in the last 15 years and today, a country like India is the 4th largest aviation market in the world. We are also among a few countries in the world which took bold steps of privatizing the industry. Today PPP airports handle 55 per cent of the total Indian Passenger Traffic and more than 72 per cent of the total air cargo traffic. I am also told that Delhi Airport is 16th busiest airport globally and they are targeting it to be among the top five in the near future,” said Naidu.

“The world today faces a variety of economic challenges as well as extreme volatility on various fronts. At times like this, it is important that appropriate investments be made to increase and improve the infrastructure within the country. I am informed that Delhi Airport will soon be spending nearly Rs. 9,000 crore to boost its capacity to nearly 100 million passengers per annum. The Economic Impact Study has also been a huge eye-opener. I am happy to note that the Delhi airport contributes to almost 0.7 per cent of the national GDP and almost 18 per cent of Delhi’s GSDP. It is extremely heartening to note that this entity employs nearly 28 lakh employees both directly as well as indirectly, ” he added.

The global airlines body, International Air Transport Association (IATA), has projected India to be the third largest aviation market around 2024 surpassing the UK. It has also projected the Asia-Pacific region to drive the biggest growth with more than half the total number of new passengers over the next 20 years coming from these markets. The growth is being driven by a combination of continued robust economic growth, improvements in household incomes and favourable population and demographic profiles, it noted. The present trends in air transport suggest passenger numbers could double to 8.2 billion in 2037 and this doubling of air passengers could support 100 million jobs globally, according to IATA.

The Vice President appreciated Airport authorities and GMR employees for maintaining global standards at Delhi Airport. “Delhi Airport is pride of our nation. Congratulations to all on this achievement, particularly to Mallikarjuna Rao and his family. I wish GMR group many more achievements in the years to come”, he added.

The Vice President said that governments, policy makers and business enterprises must ensure hassle free environment at Airports for commuters. He further said that Government’s efforts to improve domestic air connectivity and make it affordable would get a boost if quality infrastructure is built and efficient customer services are provided by airliners. Public Private Partnership is the most suitable mode of developing such infrastructure and it is the best model to provide quality services at an affordable price as it allows competition among different entities, he added.

The Vice President said that connectivity is the key for economic growth and added that aviation industry has huge scope for development. He said that the growth of the aviation sector will have a multiplier effect on the Indian economy as it would positively impact hospitality and tourism sectors, among others.

The Vice President said that effective implementation of UDAN scheme would develop regional connectivity and promote economically viable flights on regional routes. He asked Airport authorities and PPP operators to focus on making it accessible and affordable to the common man with safety as centre of the entire activity of Aviation. The Minister of State for Civil Aviation, Jayant Sinha, the Lt. Governor of Delhi, Anil Baijal, the Chairman of GMR Group, Grandhi Mallikarjuna Rao and several members of aviation and airline industry were present on the occasion.

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