{"id":31400,"date":"2023-04-24T23:36:14","date_gmt":"2023-04-24T18:06:14","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=31400"},"modified":"2024-12-18T13:57:12","modified_gmt":"2024-12-18T08:27:12","slug":"new-civil-aviation-policy-urged-by-capa-india-to-boost-the-aviation-industry","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2023\/04\/24\/new-civil-aviation-policy-urged-by-capa-india-to-boost-the-aviation-industry\/","title":{"rendered":"New Civil Aviation Policy Urged by CAPA India to Boost the Aviation Industry"},"content":{"rendered":"\n

CAPA India has presented a plan for the development of a new civil aviation policy that aims to foster a transformative vision for the future of the Indian aviation industry 20 years down the line.<\/p>\n\n\n\n

According to CAPA India, India’s aviation system served approximately 200 million airline passengers in FY2023.<\/p>\n\n\n\n

However, if the industry takes a forward-looking and transformative approach. It may need to accommodate over 1.3 billion passengers with a commercial fleet comprising nearly 4,000 aircraft in the next 20 years.<\/p>\n\n\n\n

While this is an unconstrained projection. Achieving it would mean the market would be 20% larger than the US before the pandemic.<\/p>\n\n\n\n

Furthermore, in less than 40 years, the Indian aviation industry would have expanded from the size of Las Vegas to that of the whole US.<\/p>\n\n\n\n

\"CAPA
Photo: CAPA India Twitter<\/figcaption><\/figure>\n\n\n\n

CAPA India New Aviation Policy Suggestions<\/h2>\n\n\n\n

Realizing such a significant scale-up in size would demand a colossal undertaking from the entire aviation ecosystem.<\/p>\n\n\n\n

Every facet of the industry must contribute towards making this vision a reality. The aviation sector could potentially contribute USD 1 trillion annually if successfully accomplished. Furthermore, to the Indian economy by FY2043, factoring in its direct, indirect, induced, and catalytic effects.<\/p>\n\n\n\n

Even under a more moderate linear growth scenario, India is likely to reach a market size akin to that of China pre-COVID.<\/p>\n\n\n\n

The potential impact of aviation on the economy and consumers should motivate policy-makers and industry leaders. CAPA India identified key issues that need to be addressed for the industry to achieve its long-term potential.<\/p>\n\n\n\n

These include creating a level playing field for airlines through a positive fiscal regime and infrastructure development, planning for generation-lasting airport capacity, defining an international air services strategy, restructuring airspace design, establishing massive MROs, implementing a new aviation safety regime, and establishing a dedicated security regime.<\/p>\n\n\n\n

\"CAPA
Photo: Lord Ahmad at CAPA India Aviation Summit 2017 | UK Minister \u2026 |
Flickr | British High Commission, www.flickr.com\/photos\/ukinindia\/31952633794<\/figcaption><\/figure>\n\n\n\n

CAPA India CEO Insights<\/h3>\n\n\n\n

According to Kapil Kaul, CEO & Director of CAPA India, the Indian aviation industry has reached a pivotal turning point.<\/p>\n\n\n\n

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“The choices made today could have far-reaching effects on future generations. The industry must decide whether it wants to pursue an ambitious and transformative vision or a more restrained, gradual growth approach.”<\/p>\n Kapil Kaul, CEO & Director of CAPA India<\/cite><\/blockquote>\n\n\n\n

The Ministry of Civil Aviation (MOCA) has been making efforts. But a new policy framework is required for the industry to achieve its true potential.<\/p>\n\n\n\n

Kaul explained that they believe in the possibility of this aspirational vision due to the increased focus on aviation in India.<\/p>\n\n\n\n

The recent privatisation of Air India was seen as a bold reform, expected to result in a more stable market with two airlines possessing significant capabilities and patient capital.<\/p>\n\n\n\n

The government and ministry have also demonstrated a strong commitment to resolving fiscal challenges, engaging with the industry, and privatising airports. All of these efforts have created an environment conducive to creating a long-term policy that supports an aspirational vision.<\/p>\n\n\n\n

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Photo: CAPA India <\/figcaption><\/figure>\n\n\n\n

Bottom Line<\/h2>\n\n\n\n

In the future, India is expected to witness the emergence of mega-carriers that surpass the current global standards.<\/p>\n\n\n\n

To support this, there will be a need for mega-airports, mega-MROs, and mega-ground handlers. Further mega-training facilities of an unprecedented scale. Subsequently, This will necessitate exceptional planning, preparation, execution, and monitoring capabilities.<\/p>\n\n\n\n

Stay tuned with us. Further, follow us on social media for the latest updates.<\/p>\n\n\n\n

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Civil Aviation Minister of India: Ram Mohan Naidu Story<\/a><\/blockquote>