Keeping in view India’s vision of becoming the largest aviation market in the world by 2030, TraiCon events developed the Airport Modernisation India Summit 2017, which looked at methods to develop the Indian aviation sector.
Aimed at developing a programme that will help modernise the entire Indian aviation sector, Airport Modernisation Summit 2017 was held in the month of August in Bengaluru, Karnataka. The two-day summit featured an array of presentations by experts, who spoke on government policies, regulations, development of new airports, modernising existing infrastructure, implementation of smart airport technology and creation of sustainable business model.
India’s vision is to become the third largest aviation market by 2020 and the largest by 2030, and for this the nation is planning to invest over USD 120 billion in the development of airport infrastructure and aviation navigation services, over the next decade.
With development of more than 50 new airports and expansion of existing ones, the civil aviation sector is poised for faster and sustainable growth, while also creating millions of job opportunities.
With Foreign Direct Investment (FDI) in air transport during the last decade touching the mark of USD 570 million, India registered 14 pc growth in the civil aviation sector, and now ranks ninth in the world.
The summit was inaugurated by S Machendranathan, Chairman, Airports Economic Regulatory Authority of India (AERA); C G Krishnadas Nair, President, Society of Indian Aerospace Technologies & Industries, India (SIATI); Pulak Sen, Founder Secretary General, MRO Association of India.
The event also saw participation from Airports Authority of India, MRO Association of India, Capgemini Technology Services India Limited, Aerospace and Aviation Sector Skill Council (AASC), Aerospace and Aviation Sector Skill Council, US Embassy, along with other leading names.
Having seen participation from over 200 delegates, the summit was a success, and shall see its second edition in the first quarter of 2018.