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            october 23, 2017

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Indiaexportnews.com

India to develop air freight platform for domestic stakeholders

  19.05.2017    

India's government is working on developing a common IT platform for the domestic air cargo sector, after the sector recorded seven per cent growth in recent years amid a strengthening of consumer spending power among the burgeoning middle class. Meanwhile, the international air cargo segment has been expanding at an annual rate of 12 per cent.
Overall, the average growth level is at 10 per cent, twice the average growth rate of the global air cargo business, according to Civil Aviation Secretary RN Choubey, reported the New Indian Express.
"We are developing a common framework for movement of air cargo across all stakeholders," he said, adding that the same is expected to be in place in one-and-a-half years.
Civil Aviation Minister Ashok Gajapathi Raju highlighted at the India Integrated Transport and Logistics Summit in New Delhi that the government has taken various policy initiatives including reducing the dwell time and pushing for paperless transactions to boost the cargo sector, Mr Raju noted.
"Air cargo in India is expected to register nine per cent growth rate in the next few years" compared to half of this figure for global air cargo trade as a whole," Mr Raju said, adding the regional connectivity scheme would help support the continued growth of the air cargo sector.
The first flight under the scheme, known as Ude Desh ka Aam Naagrik (UDAN), was launched last month. The scheme seeks to connect unserved and under-served airports as well as make flying more affordable.
At the event, Shipping Secretary Rajive Kumar said multi-modal hubs are being developed and Varanasi is going to be the first such hub.



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