He is among a handful of Cabinet Ministers to have been publicly praised by Prime Minister Narendra Modi for their achievements. As a minister handling the important portfolios of civil aviation and steel, 52-year-old Jyotiraditya Scindia has a clear mandate: to tap into the enormous potential of the two sectors to drive their growth. In an exclusive interview with Business Today’s Manish Pant, Scindia explains why there has been a surfeit of aviation orders from India, the government’s ambitious plans to turn the world’s fastest-growing aviation market into a global hub and make the sector carbon-neutral, and the extension of PLI 2.0 to the steel sector. Edited excerpts:
Q: Are you satisfied with the way India’s aviation sector has recovered after the Covid-19 pandemic?
A: The civil aviation sector in India is on a resurgent high. Where two years ago we had all our planes on the ground and not a single passenger, today we have all our planes in the air, and there is a sustained increase in [passenger] demand. We experienced a pre-Covid-19 high of roughly 420,000 passengers per day in October of 2019. Surprisingly, post the October-January high season, we are experiencing new highs with close to 455,000 passengers [per day] in February. And the important thing is that it’s not a blip. On a sustained basis, the average numbers have been between 390,000-440,000 every day.
Diese Geschichte stammt aus der May 14, 2023-Ausgabe von Business Today India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der May 14, 2023-Ausgabe von Business Today India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
"Inaction is worse than mistakes"
What was the problem you were grappling with?
TEEING OFF WITH TITANS
BUSINESS TODAY GOLF RESUMES ITS STORIED JOURNEY WITH THE 2024-25 SEASON OPENER IN DELHI-NCR. THERE ARE SIX MORE CITIES TO COME
AI FOOT FORWARD
THE WHO'S WHO OF THE AI WORLD GATHERED AT THE TAJ MAHAL PALACE IN MUMBAI TO DELIBERATE THE TRANSFORMATIVE IMPACT OF AI ON INNOVATION, INDUSTRIES, AND EVERYDAY LIFE.
Decolonising the Walls
ART START-UP MAAZI MERCHANT IS ON A MISSION TO BRING INDIA'S FORGOTTEN ART BACK HOME
"I'm bringing Kotak under one narrative, one strategy, one umbrella”
Ashok Vaswani is a global banker who spent most of his career overseas at institutions like Citi Group and Barclays, among others.
CHOOSING THE CHAMPIONS
The insights and methodology behind the BT-KPMG India's Best Banks and NBFCs Survey 2023-24.
'INDIA IS AT AN EXTREMELY SWEET SPOT'
The jury members of the BT-KPMG Survey of India's Best Banks and NBFCs discuss developments in the banking sector and more
FROM CRISIS TO TRIUMPH
Dinesh Kumar Khara stewarded SBI through multiple challenges during his tenure, while ensuring that profits tripled, productivity soared, and the bank consolidated its global standing
AT A CROSSROADS
BANKS ARE FACING CHALLENGES ON BOTH SIDES OF THE BALANCE SHEET-ASSETS AS WELL AS LIABILITIES-WHICH ARE PUTTING PRESSURE ON MARGINS.
EXPANSIVE VISION
Bajaj Finance, an outlier in terms of digitisation, faces stiff competition. But it continues to expand its reach