Monday, September 26, 2022

Indian Aviation industry to become 3rd largest: Padhee

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New Delhi: The foundation for aviation and sustainable tourism (FAST) organised a seminar, titled Emerging challenges in aviation: Infrastructure, capacity building and seamless travel, in New Delhi on Tuesday. The chief guest for the seminar Usha Padhee, joint secretary, Ministry of Civil Aviation, addressed the gathering of Indian Aviation industry and shared her insights on the current status of civil aviation. “I am privileged to be here at this seminar. Indian Aviation industry since the last few years has been growing in the double digits and we are the third-largest domestic market and will soon become the third-biggest market overall. The number of fleets is going to be increased,” Padhee said.

“Indian Aviation industry since the last few years has been growing in the double digits and we are the third-largest domestic market and will soon become the third-biggest market overall. The number of fleets is going to be increased,”- Usha Padhee, Joint Secretary, MoCA

The 1996 batch IAS officer told the stakeholders gathered at the venue that the current economic slump was temporary and India would soon bounce back. “The airlines may not be showing a profit at the moment but they are growing and the net worth has been increasing. We have lot many airports coming and in and passenger numbers are growing. We are heading towards a5 trillion economy and will certainly boost the aviation sector,” she added.

The seminar was broadly divided into two sessions. Session 1 dealt with topics such as Traffic projection and economy outlook, infrastructure, the role of air cargo in the economy and investment through public-private participation.  In the following session, issues such as opportunities in MRO, airlines crisis, air space navigation and technology building were addressed.
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The seminar was successful in engaging various stakeholders, who actively engage with the government and track the industry,  in a constructive dialogue. The experts did not shy away from taking on tough topics such as the economic slowdown and the falling of big players in the domestic market.

Lt General KM Seth, former governor of Tripura and Chhattisgarh and also the president FAST delivered the welcome address. The experts panel present at the seminar included: AG Joshi, executive director (arch), AAI, Jodhbir Singh, head of Asia Aviation Associates, KPMG, Dinesh Kumar, MD Asia Aviation, Tara Naidu, chief of commercial, Air India Express, Amber Dubey, joint secretary, Ministry of Civil Aviation, Pulak Sen, founder, MRO Association of India and head of Aerospace and Defence, V. Somasundaram, former member(ANS) – AAI and Gp Captain Rk Bali, MD Business Airlines Operators Association.

The morning address too had esteemed dignitaries addressing the audience. The likes of Anuj Aggarwal, member HR, AI, K Narayana Rao, deputy MD of GMR, Raman Sidhu, chairman, EGB Federation’s India spokesperson and Vinod Zushti, former secretary, Ministry of Tourism set the tone for the seminar in the first half with insightful and crisp speeches.

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