LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Whopping 1 bn trips by flyers in India? Jayant Sinha sets this big target

 Jayant Sinha said that the government is working on steps such as developing new greenfield airports and skilling manpower to achieve this target. A target of billion passenger trips in the next 15 to 20 yrs is very realisable  and is  in fact  a realistic target that we should be looking for, he said

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Whopping 1 bn trips by flyers in India? Jayant Sinha sets this big target
Jayant Sinha said that the billion passenger trips would open tremendous opportunities for growth and investments for businesses. PTI
Written By: PTI
Updated: Wed, Mar 14, 2018
04:05 pm
PTI
RELATED NEWS
Aviation Ministry to seek nod for 6 more airports' privatisation Aviation Ministry to seek nod for 6 more airports' privatisation
Airbus A320 plane safety issue: Aviation secretary says India to roll out new rules for this jet Airbus A320 plane safety issue: Aviation secretary says India to roll out new rules for this jet
DoT, Aviation Ministry meet to finalise in-flight data, voice connectivity rules DoT, Aviation Ministry meet to finalise in-flight data, voice connectivity rules

The aviation ministry is targeting a five-fold increase in passenger trips to one billion per annum in 15-20 years in view of the huge growth opportunities the sector holds, Union Minister Jayant Sinha said today. The Minister of State for Civil Aviation said that the government is working on steps such as developing new greenfield airports and skilling manpower to achieve this target. "A target of billion passenger trips in the next 15 to 20 yrs is very realisable and is in fact a realistic target that we should be looking for," he said here at the AIMA event. He also said that the billion passenger trips would not come from aircraft alone but also from helicopters, sea planes and passenger drones.

Many of these have still to be manufactured in the country and it provides tremendous business opportunities to start and develop these new technologies, he said. Elaborating on passenger drones, Sinha said this is a big industry and in the coming years, it is likely to touch a trillion dollar mark. "We in India have the opportunity to be a leader in this. We are already working on drone regulations so we can set standards, develop different drone technologies," he said. "Like we have made air travel affordable to common people wearing 'hawai chappals, similarly we can go from auto rickshaws to air rickshaws, that is the opportunity," he added.

Further the minister said that the billion passenger trips would open tremendous opportunities for growth and investments for businesses. "In 2013, the the total number of passenger trips was about 100 million. In 2017, we are going to get close to 200 million passenger trips," he said, adding that the total revenues of the airline industry last year was be close to Rs 2 lakh crore. Indian railways and the telecom sector also have same level of revenues each, he said. He said that today only 5 per cent of the 1.3 billion Indians travel by air.
Sinha said that this target would throw some major challenges and the government is working on it.

Safety and security is the number one concern and the ministry is working hard on this, he said, adding that "we are working on a unified security architecture with CISF" to ensure that all large or small airports have same level of high security. To ensure safety of passengers, the ministry is investing spending on flight inspectors, air traffic controllers and engineers. He said land to build new greenfield airports is also a challenge. New airports are coming up in Navi Mumbai, Goa, Pune and Jewar in western Uttar Pradesh.

He informed that passenger trips at the Delhi airport stood at about 65 million currently and it would be doubled in the coming years. "We think to get one billion passenger trips, we have to invest Rs 4 lakh crore. That is what experts are saying," he said. On the job front, he said about 2 lakh people are directly employed in the aviation industry and indirectly about 1.2 million.

"This will quintuple. So we will have 6 million people working over the next few years," he said. He added that revenues in the sector would increase significantly from Rs 2 lakh crore to Rs 8-10 trillion (Rs 8-10 lakh crore) in the next 15-20 years. Huge business opportunities will be created in areas like logistics, cargo, airlines, airports and ground handling. 
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Aviation MinistryJayant Sinha
RELATED NEWS
Aviation Ministry to seek nod for 6 more airports' privatisation Aviation Ministry to seek nod for 6 more airports' privatisation
Airbus A320 plane safety issue: Aviation secretary says India to roll out new rules for this jet Airbus A320 plane safety issue: Aviation secretary says India to roll out new rules for this jet
DoT, Aviation Ministry meet to finalise in-flight data, voice connectivity rules DoT, Aviation Ministry meet to finalise in-flight data, voice connectivity rules

LATEST NEWS

Nureca IPO Listing: In talk with Anil Singhvi, Founder & CEO Aryan Goyal reveals company's outlook

7th Pay Commission Latest News: How pensioners will benefit from DA, TA, salary hike for central government employees?—EXPLAINED

SBI share price today: After some consolidation stock ready to make new HIGHS! On course to reach Rs 450 in just 2 weeks

CBSE class 10 Syllabus reduced in this subject: Attention students! CBSE board exam 2021 syllabus has been cut for social science subject; Know how to download

PM Narendra Modi launches key projects in Puducherry

No proposal to reduce tax on petrol, diesel: UP govt

Right to Health! Every family to be given Rs 5 lakh health insurance coverage in this state

Tamil Nadu class 9, class 10 and plus results: Good news for students! Govt announces "all pass"

Aston Martin expects better 2021 sales after deep losses

Big development! Government announces new guidelines to curb misuse of social media platforms; 3 tier mechanism for OTTs

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved