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Aviation giants flocking Indian markets as the sector seemed poised for growth

Abhishek Tiwari, Saturday 06th March 2010


The global giants of Aviation Industry, be it be Gulfstream, Eurocopters, Airbus, Bombardiar or Boieng, all are flocking towards the Indian market. They were all likely to be seen at the Indian Aviation 2010 show. Their motive of attending the show was to display their products, sell their products, do corporate marketing and search for the prospective clients along with the curiosity to know about the prospering Indian economy.


Aviation market in India has shown humongous growth in the last 10 years and in the next 20 years it is expected to fulfill the demand of around 1000 aircrafts as most of the aviation giants are projecting India for their requirements. The market has been able to pump in $100 million from American manufacturers to set up an MRO facility in Nagpur. Airbus is also expected to peg $138 billion in Indian market for the manufacture of 1032 aircrafts. Same is expected from other aircraft giants.


The total domestic passenger in Indian aviation market has increased from 43.8 million in 2009 to 48 million in 2010. Dinesh Kaskar, the Indian president of Boeing, stated that within the biggest aviation market, Asia Pacific, India is showing prospects to be the fastest growing market appreciating its various economic factors such as GDP growth rate and disposable income and the way it recovered from the turbulence of recession.

 
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