Latest news with #UDAN
Time of India
an hour ago
- Business
- Time of India
'India Now World's 3rd Largest...': PM Modi's Big Statement At World Air Transport Summit In Delhi
Prime Minister Narendra Modi said India has emerged as the world's third-largest domestic aviation market, driven by rapid growth in passenger numbers and transformational policy interventions like the UDAN scheme. PM Modi said India is investing heavily in world-class airport infrastructure to meet the growing demand for air travel. Highlighting the rapid expansion of the aviation sector, he noted that Indian carriers have already placed orders for over 2,000 aircraft — and 'this is just the beginning,' he added. Addressing the International Air Transport Association (IATA) summit, being held in India after four decades, Modi said, 'Our airlines are achieving double-digit growth. The success of the UDAN scheme is a golden chapter in Indian civil aviation.' By 2030, he said, the government envisions that UDAN, aimed at regional connectivity, will have benefited nearly 50 crore Indians.#narendramodi #indiaaviation #udanscheme #airportinfrastructure #aircraftorders #iatasummit #domesticaviation #regionalconnectivity #civilaviation #airtravel #makeinindia #viksitbharat #aviationgrowth #indiapolicies #globalaviationleader #aviationsector #indiandevelopment #connectivity #futureofaviation #bharatmandapam #toi #toibharat Read More
Business Standard
an hour ago
- Business
- Business Standard
IATA summit: PM Modi bats for India as global aviation, manufacturing hub
Prime Minister Narendra Modi on Monday addressed the 81st Annual General Meeting (AGM) of the International Air Transport Association (IATA) at Bharat Mandapam in New Delhi. Highlighting India's aviation progress, he said: 'India is the third-largest domestic civil aviation market in the world.' The IATA AGM and World Air Transport Summit (WATS) is being hosted in India after 42 years — the last such gathering was held in 1983. This year's summit, taking place from June 1 to 3, has brought together over 1,600 participants, including global aviation leaders, senior officials, and international media. 'India's aviation sector a global force' Underscoring the strength and potential of India's aviation industry, the Prime Minister said: 'India's aviation sector is a key player in the global air transport industry... India offers an excellent investment opportunity in aviation sector for global companies.' He added that the country's supportive policies, technological talent, and growing market demand were creating the right conditions for long-term growth. The Prime Minister also pointed to infrastructure development as a key priority, stating: 'India is investing in world-class airports; the number of airports has increased to 162 from 74.' This expansion reflects the government's broader push to enhance connectivity and support economic development. As part of India's drive for industrial growth, PM Modi added: 'The government is taking all steps to make India a global manufacturing hub. MRO emerging as sunrise sector; target is to make India a global MRO hub by 2030.' His remarks align with initiatives such as Make in India, including efforts in aviation-linked sectors like aircraft maintenance and repair. "We want the world to see India not just as an aviation market but also as a value chain direction is right, our speed is we are confident that we will continue to move forward rapidly," said the PM. The success of the UDAN scheme is a golden chapter in Indian civil aviation, he added. Focus on connectivity and expansion Union civil aviation minister K Rammohan Naidu, who also addressed the AGM, said India plans to add 50 more airports over the next five years. He noted that the number of operational airports has more than doubled — from 74 in 2014 to 162 in 2024. He also highlighted the success of the regional air connectivity scheme UDAN, which has operationalised 619 routes so far, making air travel accessible to a wider population. The minister added that efforts were underway to position India as a global hub for Maintenance, Repair and Overhaul (MRO) services, a segment projected to be worth $4 billion by 2031.
The Hindu
2 hours ago
- Business
- The Hindu
India offers an excellent opportunity for investment in aviation sector: PM Modi
Prime Minister Narendra Modi on Monday (June 2, 2025) said India's fast-growing aviation sector offers an excellent investment opportunity for leading global companies. Addressing the AGM of the International Air Transport Association (IATA) in New Delhi, Mr. Modi said the country aims to increase the size of the maintenance, repair and overhaul (MRO) segment to $4 billion by 2030. Emphasising that India has an open and supportive policy ecosystem, Mr. Modi said all efforts are being made to make the country a global manufacturing hub. 🇮🇳 Honored to welcome Prime Minister @narendramodi as he addresses global #aviation leaders at the #IATAAGM in New Delhi. 🎥 Watch his live address here ⬇️ 🔗 — IATA (@IATA) June 2, 2025 India is ready for big investments in the civil aviation sector, he noted. "We want the world to see India not just as an aviation market but also as a value chain direction is right, our speed is we are confident that we will continue to move forward rapidly," Mr. Modi said. He further said India is investing in world-class airports and that the number of airports has increased to 162 from 74. Today, India is the world's third-largest domestic aviation market. The success of the UDAN scheme is a golden chapter in Indian civil aviation, the Prime Minister said.
Time of India
2 hours ago
- Business
- Time of India
India to develop 50 more airports in 5 years: K Rammohan Naidu
Highlighting the growth of the Indian aviation sector, Union minister K Rammohan Naidu on Monday said the country aims to have 50 more airports in the next 5 years. Currently, there are 162 airports in India and the number has more than doubled compared to 74 airports in 2014. Speaking at the annual general meeting of the International Air Transport Association (IATA), he also said that the government's regional air connectivity scheme (UDAN) democratised air travel and operationalised a total of 619 routes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Efforts are also on to make India a global MRO (Maintenance, Repair and Overhaul) hub and the segment is projected to be worth USD 4 billion by 2031, Naidu said. Naidu also asked global players to collaborate with India for sustainable aviation fuel production as he emphasised the importance of decarbonisation. Live Events India is one of the world's fastest growing civil aviation markets.
Time of India
2 hours ago
- Business
- Time of India
India now world's 3rd-largest domestic aviation market, says PM Modi
Prime Minister Narendra Modi on Monday said India has emerged as the world's third-largest domestic aviation market, driven by rapid growth in passenger numbers and transformational policy interventions like the UDAN scheme. PM Modi said India is investing heavily in world-class airport infrastructure to meet the growing demand for air travel. Highlighting the rapid expansion of the aviation sector, he noted that Indian carriers have already placed orders for over 2,000 aircraft — and 'this is just the beginning,' he added. Addressing the International Air Transport Association (IATA) summit — being held in India after four decades — Modi said, 'Our airlines are achieving double-digit growth. The success of the UDAN scheme is a golden chapter in Indian civil aviation.' Play Video Play Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Melhores Pianos Acústicos Teclacenter Compre já By 2030, he said, the government envisions that UDAN — aimed at regional connectivity — will have benefited nearly 50 crore Indians. Highlighting how much has changed over the past four decades, Modi said, 'Today's India is filled with self-confidence and is a symbol of inclusive development. The speed of innovation and technological upgradation is unprecedented.' Live Events He said discussions at the IATA summit would provide a 'new direction to the global aviation sector,' and pitched India as a natural leader in shaping the future of air travel. Laying out key pillars of India's aviation strength, Modi said: India is a vast market driven by rising aspirations Homegrown innovators are leading breakthroughs in clean energy The country's talent pool and young demography is fueling technological progress And civil aviation has seen 'incredible change' in recent years 'Humans today are taking space flights and dreaming of commercialising them. This shows the scale of innovation around us — and India is not just participating, but leading in several areas,' he added. India to have 350 airports by 2047 India plans to add 50 more airports in the next five years, aiming to scale up to over 350 airports by 2047 as part of the Viksit Bharat vision, Civil Aviation Minister Kinjarapu Rammohan Naidu said at IATA Global Aviation Summit 2025 . 'Our domestic traffic has surged 30%, international traffic has risen from 55 million to 72 million, and in April 2025 alone, domestic air traffic grew by 10% — outpacing the global growth rate of 8%,' Naidu said, underlining India's accelerating demand for air travel. Calling it a "clear invitation" to global airlines, Naidu urged the international aviation community to tap into India's fast-growing regional air transport market. 'So let us go ahead for flight to India, fly in India, and fly with India,' he said. The minister also pitched India as a future global hub for Maintenance, Repair and Overhaul (MRO) services. 'India is perfectly positioned to become a global MRO hub. We're targeting a $4 billion share of the global MRO market by 2031,' Naidu said. To support this ambition, the government has allowed FDI through the automatic route and introduced transparent, royalty-free land allotment for MRO facilities. Looking ahead, Naidu said India's aviation sector could evolve into a $10 billion industry over the next 10 to 15 years, driven by domestic manufacturing of aircraft structures, electronic systems, and avionics. He highlighted the operationalisation of two key assembly lines — the C295 military transport aircraft and the H130 and H125 helicopters — as evidence of the Make in India push in aerospace.
