Domestic airlines' fleet to touch 1,400 planes in 5 years
1 month, 2 weeks ago

Domestic airlines' fleet to touch 1,400 planes in 5 years

Deccan Chronicle  

New Delhi: Civil Aviation Secretary Vumlunmang Vualnam on Thursday said the number of planes with domestic airlines will increase to 1,400 in the next five years as he highlighted the growth potential of the country's aviation space. The secretary was speaking at the 'Giving Wings to Dreams Awards 2024' hosted by Women in Aviation India in collaboration with the civil aviation ministry. According to him, the Rs 120-crore Production Linked Incentive scheme was successful and that beneficiary companies have seen their overall turnover rose to Rs 1,400 crore. The first PLI scheme for drones, introduced in 2021 with an outlay of Rs 120 crore for three financial years starting from 2021-22, has ended.

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Civil Aviation Ministry projects domestic airline fleet to reach 1,400 planes in next 5 years
1 month, 2 weeks ago

Civil Aviation Ministry projects domestic airline fleet to reach 1,400 planes in next 5 years

India TV News  

The Civil Aviation Ministry on Thursday announced that the number of aircraft in the country’s domestic airlines is projected to grow to 1400 in the next five years, showing the promising growth potential of air passengers travelling within the country. At a conference in New Delhi, Civil Aviation Secretary Vumlunmang Vualnam stated that the remarkable growth of the aviation sector …

India’s domestic air passenger traffic to touch 300 million by 2030: Civil Aviation Minister Jyotiraditya Scindia
11 months, 3 weeks ago

India’s domestic air passenger traffic to touch 300 million by 2030: Civil Aviation Minister Jyotiraditya Scindia

The Hindu  

India’s domestic air passenger traffic is expected to touch 300 million by 2030, almost two-fold from the 153 million in 2023, Civil Aviation Minister Jyotiraditya Scindia told the Wings India 2024 conference and exhibition that got underway in Hyderabad on January 18. Given the growth potential of the civil aviation sector, India has set out on a course of “creating …

India requires 2,840 new aircraft, 41,000 pilots over next 20 years: Airbus
11 months, 3 weeks ago

India requires 2,840 new aircraft, 41,000 pilots over next 20 years: Airbus

India TV News  

India will need 2,840 new aircraft and 41,000 pilots, as well as 47,000 technical staff, in the next 20 years, Rémi Maillard, President and Managing Director of Airbus India and South Asia, said on Thursday. Maillard said that Airbus received orders for 750 aircraft last year, delivering 75 units to Indian carriers, including 41 to IndiGo, 19 to Air India, …

Around ₹30cr disbursed by government under drone PLI scheme: Official
1 year, 9 months ago

Around ₹30cr disbursed by government under drone PLI scheme: Official

Hindustan Times  

The government has disbursed around ₹30 crore during fiscal year 2022-23 under the Production Linked Incentive Scheme for 12 drone manufacturers and 11 drone component manufacturers, a government official confirmed to HT. “The eligibility norm for Ministry of Micro, Small and Medium Enterprises and startups is at nominal levels and the coverage of the scheme also includes developers of drone-related …

Civil Aviation Min Notifies Operational Guidelines for Drone PLI Scheme
2 years, 1 month ago

Civil Aviation Min Notifies Operational Guidelines for Drone PLI Scheme

News 18  

The civil aviation ministry has notified the operational guidelines for the Production Linked Incentive scheme for drones and drone components. The total PLI per manufacturer is capped at Rs 30 crore which is 25 per cent of the total financial outlay of Rs 120 crore. Indian MSMEs and startups manufacturing drones and having annual sales turnover of Rs 2 crore …

Civil aviation ministry outlines operational guidelines for PLI scheme for drones and drone components
2 years, 1 month ago

Civil aviation ministry outlines operational guidelines for PLI scheme for drones and drone components

India TV News  

PLI scheme: The civil aviation ministry has outlined the operational guidelines for the Production Linked Incentive scheme for drones and drone components. According to reports, the PLI scheme is to be implemented during the 2022-23 to 2024-25 period for which the central government has granted an outlay of Rs 120 crore. According to the ministry's notification, Indian MSMEs and startups …

India expects 40 crore air travellers in next four years, says Jyotiraditya Scindia – Firstpost
2 years, 5 months ago

India expects 40 crore air travellers in next four years, says Jyotiraditya Scindia – Firstpost

Firstpost  

He said over the last eight years India’s civil aviation industry has been completely transformed New Delhi: Highlighting the transformation of India’s civil aviation industry, Union Civil Aviation Minister Jyotiraditya Scindia on Sunday said India is witnessing the democratisation of the aviation industry and the country expects to reach 40 crore air travellers in the next four years. Seven airlines …

India to Add Upto 120 Aircraft Every Year to Meet Growing Demand: Jyotiraditya Scindia
2 years, 9 months ago

India to Add Upto 120 Aircraft Every Year to Meet Growing Demand: Jyotiraditya Scindia

News 18  

India, the fastest-growing civil aviation market in the world, intends to add 100-120 aircraft every year to meet the growing demand, Civil Aviation Minister Jyotiraditya Scindia said on Friday. Addressing the Wings India 2022 at Begumpet Airport in Hyderabad, he said that India is looking at tremendous expansion in areas of airlines, airports and every facet of the civil aviation …

Modi govt's big boost for auto sector: Rs 26,000 crore PLI scheme approved; to create 7.5 lakh jobs
3 years, 3 months ago

Modi govt's big boost for auto sector: Rs 26,000 crore PLI scheme approved; to create 7.5 lakh jobs

India TV News  

The Union Cabinet on Wednesday approved a Rs 26,058 crore production linked incentive scheme for auto, auto-components and drone industries to enhance India's manufacturing capabilities. It is estimated that over a period of five years, the PLI scheme for the automobile and auto components industry will lead to fresh investment of over Rs 42,500 crore, incremental production of over Rs …

Boeing forecasts demand for 2,380 new aircraft in India by 2038
5 years, 2 months ago

Boeing forecasts demand for 2,380 new aircraft in India by 2038

India TV News  

Global aerospace major Boeing expects a demand for 2,380 new aircraft in India, valued at $330 billion, over the next 20 years. According to the Boeing's annual India Commercial Market Outlook 2019, factors such as exponential domestic passenger traffic growth, new long-haul opportunities and infrastructure development will lead to the fulfilment of the demand forecast. "In India, single-aisles will lead …

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