PM pitches for investments in fast-growing Indian civil aviation sector File Photo
News Updates

PM pitches for investments in fast-growing Indian civil aviation sector

The Prime Minister Narendra Modi on Wednesday sought investments in the country's fast-growing civil aviation sector

PSU Watch Bureau

New Delhi: Prime Minister Narendra Modi on Wednesday sought investments in the country's fast-growing civil aviation sector, which has witnessed a "historical transformation" in the last decade.

PSU Watch is now on Whatsapp Channels. Click here to join

In his virtual address at the aviation summit Wings India 2026, Modi highlighted the growth potential of the civil aviation space and said the country will have more than 400 airports by 2047.

India is becoming a major global aviation hub but it cannot remain dependent on others for aviation-related needs, Modi said as he called for strengthening self-reliance in the sector.

With reforms, India is becoming a major aviation gateway between the Global South and the rest of the world. This is a huge opportunity for investors and manufacturers associated with the aviation sector, Modi said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

IREDA posts record annual profit of ₹1,873 crore, recommends 7.5% final dividend

NMDC’s FY26 net profit rises 11% to record Rs 7,421 crore; Q4 PAT jumps 35%

HCL board approves awarding contract to Lohum for restarting Gujarat Copper Plant after 6-yr hiatus

India may mandate isobutanol-diesel blending this year; MoRTH eyes truck-trailer interchangeability for EV push

Govt asks PSU fuel retailers to build 30-day LPG buffer stock amid supply concerns