India Needs 2,300 Civil Aircraft By 2040: Suresh Prabhu
As India races to be the front-runner in the civil aviation sector, the country would need 2,300 new planes over the next 20 years, said Union Civil Aviation Minister Suresh Prabhu on Wednesday.
"We are drawing an action plan to build an ecosystem for making civil aircraft in the country, as we need 2,300 new planes to fly thousands of more passengers and ship tonnes of cargo," Mr Prabhu said at the inaugural event of the 12th edition of the five-day biennial Aero India air show here.
As the aviation sector is booming at about 20 per cent month-on-month, the country needs more airports.
"Aviation sector is not just growing, but booming by almost 20 per cent month-on-month. We have 103 operational airports and will add 100 more in the coming years to connect even remote parts of the country," the Minister said.
The growing civil aviation ecosystem has the potential to attract an investment of $65 billion, he added.
"People from small villages are also becoming air travellers. We want to ensure every nook and corner of the country has air connectivity," he said.
Through the Central government's UDAN regional connectivity scheme, the country has connected 235 new destinations spanning small cities and towns to increase connectivity and make air travel accessible and affordable, the Minister added.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.