Air Cargo Forum India Annual Event 2022

Union Minister of Civil Aviation attended the annual event of Air Cargo Forum India (ACFI) as the chief guest.
The theme of the annual event was “10 Million: Vision 2030; Stimulating, Scaling, Steering Air Cargo”.

Utility: UPSC, JPSC, BPSC Prelims & Mains
Section: Economy / Sectors / Transportation

Key Points

  • During the last 2 years in Covid times, the cargo sector has emerged as a promising area not just for Indian aviation but for global aviation.
  • Indian Cargo Sector has seen a growth rate of 9-10% since 2013-14.
  • During the last 2 years, airlines have witnessed a 520% increase in cargo revenue.
  • As of today, Indian Cargo revenue stands at INR 2,000 crore with 3.1 million metric tonnages having a CAGR of 13%.
  • Today, India has 21 international and 35 domestic cargo terminals.
  • To achieve the target of 10 million metric tons in cargo, the industry players need to focus on the transportation of smaller cargo loads from Tier II & III cities to metros.
  • To facilitate this, GoI is aiming to establish 33 new domestic cargo terminals by 2024-2025.
  • Ministry of Civil Aviation will be spending close to INR 98,000 crores over 4 years in terms of setting up new greenfield airports and expansion of existing brownfield airports.
  • Out of this, INR 62,000 crores will be invested by the private sector and INR 36,000 crores will be invested by the Government of India through AAI.
  • Government, through AAI, will expand 42 brownfield airports and set up 3 new greenfield airports.
  • The private sector will expand 7 existing brownfield airports and set up 3 new greenfield airports including Navi Mumbai, Jewar, and Mopa.
  • Note: Air Cargo Forum India (ACFI) is an association of various stakeholders of Air Cargo Logistics Supply Chain Trade and Industry.
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