The Aviation Industry Was 30 Billion U.S. Dollars Of Investment In 15 Years

The aviation sector needs 30 billion dollars of investment over the next 15 years to cope with booming passenger and freight traffic, Secretary Nasim Zaidi said.

We need a long-term planning, together with a dynamic regulatory framework that the Indian Air Force has all the ingredients needed to grow exponentially, "Assocham said at an event here.

Zaidi said the 12 greenfield airports are being developed across the country, offers the chance to become the world center for the airlines. Total 142 million passengers are checked in and out of airports around the country during 2010-11, marking a growth of 15 percent over the previous year, he added.

He also said that the secretaries of State Aviation will meet soon to provide inputs to the tone of the infrastructure. The industry also needs foreign investment to set up training centers in various fields, especially to train air traffic controllers, said Zaidi.

According to estimates, passenger traffic is likely to be around 540 million in 2025 as the fleet size of scheduled airlines increased to 1,500 from 430 today. Meanwhile, cargo traffic is expected to reach 9 million tonnes from 2.33 million tonnes last year.