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Home » Union Budget 2024: Aviation sector is revitalized, says FM
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Union Budget 2024: Aviation sector is revitalized, says FM

activepulsnewsBy activepulsnews1 February 2024No Comments3 Mins Read6 Views
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The interim budget presented by Union Finance Minister Nirmala Sitharaman emphasized on expansion of existing airports and development of new airports. The Union government remains focused on expanding air connectivity and airport infrastructure in India. The minister said, “The aviation sector has been revitalized in the last 10 years.The number of airports has doubled to 149. “Development of connectivity to high-class cities.'' As many as 517 of his UDAN routes carry his 1.3 billion passengers. ”

The Ministry of Civil Aviation's flagship regional connectivity scheme UDAN was introduced to enhance air connectivity of small towns to regional airports. Launched in 2016, the plan aims to make aviation services available to the general public by focusing on the development of infrastructure and air connectivity.

Dr. Unni Bhaskar of Uno Technology Private Limited, an airport control tower and high-definition cabin company, welcomed the government's focus on the aviation sector and its commitment to 'Vikshit Bharat' by 2047. “The budget focuses on connectivity to the aviation sector,” he said. 2nd and 3rd tier cities, expansion of airports, aggressive initiatives by Indian airlines are positive indicators for the industry, and his establishment of Rs 100,000-crore corpus and interest-free loans for research and innovation are positive indicators for the industry. That's good. This is a step towards fostering private sector involvement and driving technology integration in the aviation industry, and we are committed to contributing to the growth of the aviation sector and working closely with the government, Airports Authority of India and private sector partners. We hope to work together to realize world-class ATC. Control tower and high-definition cabin to India. ”

India's air travel market is one of the fastest growing in the world. In 2023, the total number of passengers across airports reached approximately 327 million. The airline's increased fleet and the development of new airports under his ongoing UDAN plan are improving air connectivity in the region and benefiting travelers. “Improved infrastructure development and connectivity to offbeat tourist destinations like Lakshadweep will help build and promote India and its unexplored hidden gems.” said Aloke Bajpai, co-founder and group CEO of ixigo.

At the 2023 Paris Air Show, IndiGo, India's largest airline in terms of market share and fleet size, has ordered 500 Airbus aircraft. This order by IndiGo is the largest commercial aircraft order in the history of aviation. Before IndiGo, Tata Sons-owned Air India had ordered 470 aircraft from Airbus and Boeing. Recently, Air India took delivery of India's first A350.



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