As air cargo at Indian airports see huge rise, the government has adopted a multi-pronged approach to ensure that the air cargo and logistics sectors do well.
As India looks to become the world’s third largest air travel market by 2024, according to the International Air Transport Association (IATA) – notwithstanding the precarious financial situation the coun try’s carriers face – the government has understood that logistics and cargo will be the biggest growth-driven sectors in the country after services. Air cargo at Indian airports in 2017-18 saw a 12.7 per cent growth. Financial year 2018 witnessed 3.35 million metric tonnes of cargo traffic. Reports indicate that international cargo constitutes around 60 per cent of the country’s total cargo industry that was almost double the growth rate of domestic cargo.
Following up, the government has adopted a multi-pronged approach that aims to boost cargo. The present government has only a few months since general elections are due to be held in India in April or May 2019.
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