DOCSLIB.ORG

Airport Development in Sub-Saharan Africa: Opportunities for Public Private Partnerships

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Airport Development in Sub-Saharan Africa: Opportunities for Public Private Partnerships Research Report 22 June 2016 Airport Development in Sub-Saharan Africa: Opportunities for Public Private Partnerships Report submitted in partial fulfilment of the requirements for the degree of Master of Management in Finance and Investment Faculty of Commerce, Law and Management Wits Business School University of the Witwatersrand Johannesburg, South Africa Submitted by: Marcel Langeslag Student number: 1229142 Supervisor: Dr. Odongo Kodongo Research Report Abstract The development of transportation infrastructure, including airports, plays a vital role in economic growth in emerging markets. However, government budget allocations for this purpose are often insufficient to realise the full benefits. Project finance and Public Private Partnerships (PPPs) in particular, have been used to enable private sector participation in the financing of airport development. Airports PPPs have successfully been implemented worldwide, including, to a lesser extent, in emerging markets and Sub-Saharan Africa (SSA). There is a lack of literature on the benefits, risks, challenges and opportunities associated with airport PPPs in SSA, which this research aims to address. Case studies of recent airport PPPs in Brazil and India provide an outline of the emerging market context and insight into factors that affected these airport PPPs. In-depth interviews with two representatives of governments in SSA provide a rich view on the perceived benefits, risks, challenges and opportunities associated with airport PPPs in Africa. This research has found that airport PPPs can contribute to airport developments in SSA by enabling the private funding of airport upgrades and expansions. However, governments have an important role to play in providing an enabling environment for private investors by improving investability and implementing clear and practical PPP legislation, aviation policies and economic regulation of airport services. The limited institutional capacity and domain expertise of SSA governments is perceived as a challenge to the implementation of airport PPPs in the region. The low level of air traffic and small number of airports that handle more than one million passengers per annum further limit the opportunities for airport PPPs in SSA, although strong GDP growth provides an encouraging sign. Successful airport PPPs require the participation of private consortia with expertise in airport operations, construction and infrastructure concessions. Financing of airport PPPs is done preferably from domestic sources and development finance can play an important role. There are risks associated with the foreign ownership of key national infrastructure and a reliance on private sector to provide public infrastructure. Lighter forms of PPPs that limit the private sector risk exposure may be more suitable to the low-traffic and high-risk environment in SSA. Marcel Langeslag ii Research Report Declaration I, Marcel Langeslag declare that this research report is my own unaided work. It is submitted in partial fulfilment of the requirements for the degree of Master of Management in Finance and Investment at the University of Witwatersrand, Johannesburg. It has not been submitted before for any degree or examination in this or any other University. Marcel Langeslag iii Research Report Acknowledgements Firstly, I would like to thank my supervisor Dr. Odongo Kodongo for his valuable comments and guidance. Secondly, this research would not have been possible without the kind contributions of the respondents, for which I am grateful. Thirdly, thanks go out to Tessel Severs and the management of NACO for providing me with the opportunity to pursue the MMFI degree. Finally, I would like to thank my parents and sister for their continued support and for being a great source of motivation and inspiration. Marcel Langeslag iv Research Report Contents Page 1. Introduction and Motivation ...................................................................................... 1 1.1. Airports in Africa ......................................................................................................... 2 2. Problem Statement ................................................................................................... 6 3. Research Objectives and Questions ............................................................................ 8 4. Benefits of the Research ............................................................................................ 9 5. Literature Review .................................................................................................... 10 5.1. Contribution of airports to economic development ................................................. 10 5.2. Investment in infrastructure and project finance ..................................................... 12 5.3. Public Private Partnerships ....................................................................................... 17 5.4. Airport Business ........................................................................................................ 20 5.5. Airport PPPs ............................................................................................................... 21 5.6. Bankability of Airport PPPs in Sub-Saharan Africa .................................................... 27 5.7. Discussion .................................................................................................................. 29 6. Research Design and Methodology .......................................................................... 30 6.1. Introduction............................................................................................................... 30 6.2. Case Studies .............................................................................................................. 31 6.3. Interviews .................................................................................................................. 34 7. Case Study Brazil ..................................................................................................... 43 7.1. Background ................................................................................................................ 43 7.2. Concessions ............................................................................................................... 44 7.3. Role of government ................................................................................................... 45 7.4. Concession parties .................................................................................................... 47 7.5. Concession financials ................................................................................................ 52 7.6. GDP and air traffic ..................................................................................................... 53 7.7. Outcomes and findings ............................................................................................. 57 7.8. Discussion .................................................................................................................. 58 7.9. Lessons learnt for financing airport developments in SSA ....................................... 58 8. Case Study India ...................................................................................................... 60 8.1. Background ................................................................................................................ 60 8.2. Concessions ............................................................................................................... 61 Marcel Langeslag v Research Report 8.3. Role of government ................................................................................................... 62 8.4. Concession parties .................................................................................................... 65 8.5. Concession financials ................................................................................................ 69 8.6. GDP and air traffic ..................................................................................................... 71 8.7. Outcomes and findings ............................................................................................. 74 8.8. Discussion .................................................................................................................. 76 8.9. Lessons learnt for financing airport developments in SSA ....................................... 76 9. Interview Results and Analysis ................................................................................. 78 9.1. Introduction............................................................................................................... 78 9.2. Data Collection and Respondents ............................................................................. 78 9.3. Background ................................................................................................................ 79 9.4. Content Analysis ........................................................................................................ 84 9.5. Findings ..................................................................................................................... 84 10. Conclusions .......................................................................................................... 91 10.1. How can PPPs be used for airport development in emerging markets? .............. 91 10.2. What are the requirements for successful airport PPPs
Load more

Recommended publications
  • India: Airport Security Screening for Passengers Departing on International Flights Research Directorate, Immigration and Refugee Board of Canada, Ottawa
    Home > Research > Responses to Information Requests RESPONSES TO INFORMATION REQUESTS (RIRs) New Search | About RIR's | Help 14 April 2009 IND103120.E India: Airport security screening for passengers departing on international flights Research Directorate, Immigration and Refugee Board of Canada, Ottawa In 27 April 2009 correspondence, the Security Manager of Air India in Toronto stated the following in regard to airport security screening for passengers departing on international flights: … when the passenger approaches the check-in counter, his/her travel documents, such as passport, visa, ticket, etc. are checked by an airline check-in agent to verify the genuineness of the [documents] prior to the issuance of a boarding card. After obtaining the boarding card, the passenger goes through immigration checks where his/her passport/visa is thoroughly screened and their biographical data are stored into the computer by the government immigration officials. And, at this stage the passenger's data is matched with the suspected criminal databank. The Security Manager also stated that these screening procedures are generally similar at all airports (27 April 2009). The Bengaluru International Airport [Bangalore] website has a "security and passport control" section for international flight passengers that states that passengers, after acquiring their boarding pass, must proceed to the emigration check area where they are to complete "Visa formalities," after which they can proceed to the "international security control area," and then to the departure area (n.d.). Specific information on the security screening procedures within the emigration check area or the international security control area is not available on this airport website.
    [Show full text]
  • Study on Airport Ownership and Management and the Ground Handling Market in Selected Non-European Union (EU) Countries
    Study on airport DG MOVE, European ownership and Commission management and the ground handling market in selected non-EU countries Final Report Our ref: 22907301 June 2016 Client ref: MOVE/E1/SER/2015- 247-3 Study on airport DG MOVE, European ownership and Commission management and the ground handling market in selected non-EU countries Final Report Our ref: 22907301 June 2016 Client ref: MOVE/E1/SER/2015- 247-3 Prepared by: Prepared for: Steer Davies Gleave DG MOVE, European Commission 28-32 Upper Ground DM 28 - 0/110 London SE1 9PD Avenue de Bourget, 1 B-1049 Brussels (Evere) Belgium +44 20 7910 5000 www.steerdaviesgleave.com Steer Davies Gleave has prepared this material for DG MOVE, European Commission. This material may only be used within the context and scope for which Steer Davies Gleave has prepared it and may not be relied upon in part or whole by any third party or be used for any other purpose. Any person choosing to use any part of this material without the express and written permission of Steer Davies Gleave shall be deemed to confirm their agreement to indemnify Steer Davies Gleave for all loss or damage resulting therefrom. Steer Davies Gleave has prepared this material using professional practices and procedures using information available to it at the time and as such any new information could alter the validity of the results and conclusions made. The information and views set out in this report are those of the authors and do not necessarily reflect the official opinion of the European Commission.
    [Show full text]
  • 'Airports Authority of India (Aai)' Committee on Public
    1 'AIRPORTS AUTHORITY OF INDIA (AAI)' MINISTRY OF CIVIL AVIATION COMMITTEE ON PUBLIC UNDERTAKINGS (2020-21) FIRST REPORT (SEVENTEENTH LOK SABHA) LOK SABHA SERCRTARIAT NEW DELHI FIRST REPORT COMMITTEE ON PUBLIC UNDERTAKINGS (2020-21) (SEVENTEENTH LOK SABHA) AIRPORTS AUTHORITY OF INDIA MINISTRY OF CIVIL AVIATION Presented to Lok Sabha on 29.01.2021 Laid in Rajya Sabha on 29.01.2021 LOK SABHA SECRETARIAT NEW DELHI January, 2021/ Magha, 1942 (Saka ) ii CONTENTS Page (i) COMPOSITION OF THE COMMITTEE (2020-21) (vi) (ii) COMPOSITION OF THE COMMITTEE (2019-20) (vii) (iii) INTRODUCTION (viii) (iv) ACRONYMS (ix) REPORT PART-I Chapter-I Introduction (i) Brief history of Indian Aviation 1 (ii) Airport Authority of India 1 (iii) Board of Directors 2 (iv) Organization structure 3 (v) Agencies operating at airports 3 (vi) Memorandum of Understanding 4 Chapter-II Physical Performance of AAI 5 (i) Airports managed by AAI 5 (ii) Volume of Air Traffic at Airports 6 (iii) Future Growth in Air Traffic 7 (iv) Cargo growth 9 (v) Creation of Civil Aviation infrastructure 10 (vi) Runway expansion project at Udaipur Airport 11 Chapter-III Financial Performance 12 (i) Revenue from Aeronautical and Non-Aeronautical Services 12 and Other Sources (ii) Profit and Loss Account 13 (iii) Joint Ventures – DIAL and MIAL 17 (iv) Measures taken to improve the functions and profitability 26 Chapter-IV Organisational Matters 28 (i) Granting of Navratna Status to AAI 28 (ii) Human Resource Management 31 (iii) Pilots training facilities 33 (iv) ATC Training facilities 34 (v)
    [Show full text]
  • Annual Report of AAI 2017-18
    Hkkjrh; foekuiÙku izkf/dj.k AIRPORTS AUTHORITY OF INDIA rd Annual Report 23 2 0 1 7 - 1 8 Hon'ble Prime Minister Shri Narendra Modi flagging off the first UDAN Flight under Regional Connectivity Scheme (RCS) on Shimla - Delhi sector at Jubbarhati, Shimla Airport. Shri Suresh Prabhu, Union Minister of Civil Aviation, addressing the "Civil Aviation Research Organisation" (CARO) event at Hyderabad C O N T E N T S Highlights 2017-18 02 About AAI 08 General Information 10 Brief Profile of Board Members, Chief Vigilance Officer and KMP 11 Board's Report 14 Corporate Governance Report 23 Management Discussion & Analysis (MD&A) 27 Annexure 3 to Board's Report 52 Annual Report on CSR Activities 57 Sustainability Report 67 Financial Statements of AAI & Auditor's Report thereon 70 Financial Statements of CHIAL & Auditor's Report thereon 110 Financial Statements of AAICLAS Company Ltd. & Auditor's Report thereon 148 Surat Airport Hkkjrh; foekuiÙku izkf/dj.k AIRPORTS AUTHORITY OF INDIA Signing of MoU between AAI and the French Civil Aviation Authority to further the active technical cooperation programme between India and France. S T Signing of MoU H between AAI and G I Uttarakhand Civil Aviation L Development Authority for the Development of H Aviation Sector G in Uttarakhand. I H Signing of MoU between AAI and Honeywell technology Solutions Lab Pvt. Ltd. in the field of aviation technologies, systems and procedures. 02 23rd Annual Report 2017-18 Hkkjrh; foekuiÙku izkf/dj.k AIRPORTS AUTHORITY OF INDIA Signing of MoU between AAI and Government of Haryana for development of civil aviation infrastructure in the State.
    [Show full text]
  • 230 Th Report T T Culture
    REPORT NO. 230 PARLIAMENT OF INDIA RAJYA SABHA DEPARTMENT-RELATED PARLIAMENTARY STANDING COMMITTEE ON TRANSPORT, TOURISM AND CULTURE TWO HUNDRED THIRTIETH REPORT Issues related to Security at Airports in India (Presented to the Rajya Sabha on 21st December, 2015) (Laid on the Table of Lok Sabha on 21st December, 2015) Rajya Sabha Secretariat, New Delhi December, 2015/Agrahayana, 1937 (Saka) Hindi version of this publication is also available PARLIAMENT OF INDIA RAJYA SABHA DEPARTMENT-RELATED PARLIAMENTARY STANDING COMMITTEE ON TRANSPORT, TOURISM AND CULTURE TWO HUNDRED THIRTIETH REPORT Issues related to Security at Airports in India (Presented to the Rajya Sabha on 21st December, 2015) (Laid on the Table of Lok Sabha on 21st December, 2015) Rajya Sabha Secretariat, New Delhi December, 2015/ Agrahayana, 1937 (Saka) Website : http://rajyasabha.nic.in E-mail : [email protected] C O N T E N T S PAGES 1. COMPOSITION OF THE COMMI TEE............................................................................. (i)⎯(ii) 2. INTRODUTION............................................................................................ (iii) 3. ACRNYMS........................................................................................................(iv)⎯(v) 4. REPORT................................................................................................... ....... 23 5. RECOMMENDATIONS/OBSERVATION/CONCLUSIONS-AT A GLANCE....................................24⎯28 6. MINUTES .......................................................................................................
    [Show full text]
  • The Many Challenges Facing Civil Aviation in India (Robert S
    India Law News A quarterly newsletter of the India Committee VOLUME 4, ISSUE 3, FALL ISSUE 2013 THE MANY CHALLENGES FACING CIVIL CIVIL AVIATION IN INDIA—THE VIEW FROM AVIATION IN INDIA 30,000 FEET By Robert S. Metzger By VivekLall ndia has experienced extraordinary growth in ndian aviation has great underlying potential. civil aviation over the past decade and is However, the market continues to under-perform forecast to be on of the world’s largest aviation due to structural issues and the business models markets in just a few years. To achieve (and afford) the of almost all the major carriers are under stress. promise of civil aviation, India faces challenges posed by national and state policies, law, regulation and The fiscal and cost environment in which the civil practice. Crucial questionsare presented to policy aviation sector is operating has turned particularly makers, regulators, business leaders and to lawyers hostile at present as a result of stubbornly high fuel who advise them. prices compounded by a sharp depreciation of the Rupee and a punitive ad valorem sales tax. Civil aviation in India may be taken as a study in contrasts. Despite extraordinary growth in traffic, most There is a need to take a holistic view of the sector of India’s airlines are in a precarious condition. and address concerns of all the stakeholders and all aspects of the civil aviation business. continued on page 8 continued on page 6 SAVE THE DATE (FEBRUARY 13-15, 2014 – NEW DELHI, INDIA) Come join your colleagues from the United States and India, ABA Section of International Law Leadership, ABA Leadership, and Leadership from Major Indian Bar Associations, government officials, and prominent Indian business personalities at a jointly sponsored conference of the American Bar Association Section of International Law India Committee, Society of Indian Law Firms, and the Bar Association of India, as well as the Indian Services Export Promotion Council to be held in New Delhi, India.
    [Show full text]
  • Download (140.24
    CENTRAL INDUSTRIAL SECURITY FORCE CITIZEN'S CHARTER INTRODUCTION:- We are one of the specialized Central Para-military Forces of India under Ministry of Home Affairs. We came into existence in the year 1969 with a meagre strength of about 3000 men for providing security to Public Sector Undertakings (PSUs) and Government Installations. Today we have grown up to a strength of about 1, 05,000 officers and men and taken up a multi faceted role in the field of internal security which includes Airport Security, Security of Government Building, Monument Security, Disaster Management, VIP Security and security of critical installations like Delhi Metro in addition to our traditional role of providing industrial security. Currently we are providing security to 277 units including 56 domestic and international airports spread all over the country. We also have a Fire Wing which looks after the fire protection and fire prevention services of 77 units with a strength of about 5000 well trained man power. Hitherto our services were only available to Government Organisations and PSUs but by amendment in CISF Act the Government of India has permitted us to offer Consultancy Services in the field of Security and Fire Protection to public as well as private sector. Accordingly we have a Consultancy Wing located at our Force Head Quarters, which is ISO 9001: 2000 certified and offers its Consultancy Services to both the Government and the Non Government Organizations. Our Head Quarter is located at 13, CGO Complex, Lodhi Road, New Delhi and is headed by Director General. We are further organised into six sectors headed by Sector Inspectors General as per details given below: Eastern Sector : Head Quarter at Patna Northern Sector : Head Quarter at New Delhi Western Sector : Head Quarter at Mumbai Southern Sector : Head Quarter at Chennai North Eastern Sector : Head Quarter at Kolkata Airport Sector : Head Quarter at New Delhi We are further divided into 09 Zones headed by Deputy Inspectors General to supervise our field units.
    [Show full text]
  • Delhi Airport
    Where Growth Meets Responsibility 2018SustainabilitySustainability Report 2017-18 Report | 1 Contents About the Report 1 The cover visual About DIAL 2 Delhi Airport- Where Growth Meets Responsibility 4 Key Milestones of Delhi Airport 6 Message from Managing Director 8 Message from CEO 10 Message from COO 12 Sustainability at DIAL 14-33 Transforming Our Business 34-45 Service Excellence 46-63 Care for Environment 64-77 Enhancing Quality of Life 78-89 Calendar Year Data 90 List of Abbreviations 91 GRI Content Index 92 Assurance 94 Sustainability at Care for DIAL Environment Transforming Our Enhancing Quality Business of Life Service Excellence This icon stands for a page that has reference to GRI Index About the Report This is the third Sustainability Report of Delhi of reporting addresses economic, social and International Airport Limited (DIAL) and it covers environmental performance, value created and the the sustainability performance of DIAL for FY organisation’s strategy towards attaining sustainable 102-10 2016-17 and FY 2017-18. As DIAL publishes development at Delhi Airport. 102-45 the Sustainability Report on biennial basis, this 102-46 report follows the progress made since the last Materiality 102-50 Sustainability Report for FY 2015-16. This report is This report focusses on those aspects that are material 102-51 prepared based on the Global Reporting Initiative and have a direct or indirect impact or influence on 102-52 (GRI) Standard and the Airport Operators’ Sector the organisation’s ability to create, preserve or erode Supplement (AOSS). It covers the operational economic, environmental and social value of our boundary of Indira Gandhi International Airport, business, stakeholders and society at large.
    [Show full text]
  • Table of Contents
    Pre-Feasibility Report i For expansion of Jaipur International Airport, Sanganer, Jaipur, Rajasthan TTaabbllee ooff ccoonntteennttss 1 Introduction _______________________________________________________________ 1-1 1.1 Background __________________________________________________________________ 1-1 1.2 Project Proponent _____________________________________________________________ 1-1 1.3 Airport Sector Profile __________________________________________________________ 1-2 1.4 Air Connectivity pattern ________________________________________________________ 1-3 1.5 Need of the Project ____________________________________________________________ 1-4 1.6 Employment Generation ________________________________________________________ 1-5 1.7 Structure of the report _________________________________________________________ 1-5 2 . Project Description _________________________________________________________ 2-1 2.1 Introduction __________________________________________________________________ 2-1 2.2 Type of project ________________________________________________________________ 2-1 2.3 Location & linkages ____________________________________________________________ 2-1 2.4 Site selection & Alternatives _____________________________________________________ 2-3 2.5 Present status and Major facilities available ________________________________________ 2-3 2.6 Project Magnitude _____________________________________________________________ 2-3 2.7 Description of the proposed project _______________________________________________ 2-3 2.8 Construction
    [Show full text]
  • The Indian Aviation Sector
    MUMBAI SILICON VALLEY BANGALORE SINGAPORE MUMBAI BKC NEW DELHI MUNICH NEW YORK The Indian Aviation Sector August 2016 © Copyright 2016 Nishith Desai Associates www.nishithdesai.com Provided upon request only © Nishith Desai Associates 2016 The Indian Aviation Sector About NDA Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Palo Alto (Silicon Valley), Singapore, New Delhi, Munich and New York. We provide strategic legal, regulatory, and tax advice coupled with industry expertise in an integrated manner. As a firm of specialists, we work with select clients in select verticals. We focus on niche areas in which we provide high expertise, strategic value and are invariably involved in select, very complex, innovative transactions. We specialize in Globalization, International Tax, Fund Formation, Corporate & M&A, Private Equity & Venture Cap- ital, Intellectual Property, International Litigation and Dispute Resolution; Employment and HR, Intellectual Property, International Commercial Law and Private Client. Our industry expertise spans Automotive, Funds, Financial Ser- vices, IT and Telecom, Pharma and Healthcare, Media and Entertainment, Real Estate, Infrastructure and Education. Our key clientele comprise marquee Fortune 500 corporations. Equally passionate about philanthropy, social sector and start ups, our role includes innovation and strategic advice in futuristic areas of law such as those relating to Bitcoins (block chain), Internet of Things (IOT), Privatization of Outer Space, Drones, ‎Robotics, Virtual Reality, Med-Tech and Medical Devices and Nanotechnology. Nishith Desai Associates is ranked the ‘Most Innovative Asia Pacific Law Firm in 2016’ by the Financial Times - RSG Consulting Group in its prestigious FT Innovative Lawyers Asia-Pacific 2016 Awards.
    [Show full text]
  • Committee Report: Functioning of Airports Authority of India
    REPORT NO. 297 _ PARLIAMENT OF INDIA RAJYA SABHA DEPARTMENT-RELATED PARLIAMENTARY STANDING COMMITTEE ON TRANSPORT, TOURISM AND CULTURE TWO HUNDRED NINETY SEVENTH REPORT Functioning of Airports Authority of India (Presented to the Rajya Sabha on 2nd August, 2021) (Laid on the Table of Lok Sabha on 2nd August, 2021) Rajya Sabha Secretariat, New Delhi August, 2021/ Sravana, 1943 (Saka) Website : https://rajyasabha.nic.in E-mail : [email protected] PARLIAMENT OF INDIA RAJYA SABHA DEPARTMENT-RELATED PARLIAMENTARY STANDING COMMITTEE ON TRANSPORT, TOURISM AND CULTURE TWO HUNDRED NINETY SEVENTH REPORT Functioning of Airports Authority of India (Presented to the Rajya Sabha on 2nd August, 2021) (Laid on the Table of Lok Sabha on 2nd August, 2021) RAJYA SABHA SECRETARIAT NEW DELHI August, 2021/ Sravana, 1943 (Saka) C O N T E N T S P AGES 1. COMPOSITION OF THE COMMITTEE (i)-(iii) 2. INTRODUCTION (iv) 3. ACRONYMS (v)-(ix) 4. REPORT 1-43 5. RECOMMENDATIONS/OBSERVATIONS-AT A GLANCE 44-57 6. *MINUTES ______________________________________ *To be appended COMPOSITION OF THE COMMITTEE (2019-20) (Constituted on 13th September, 2019) 1. Shri T.G. Venkatesh - Chairman Rajya Sabha s 2. Shri Prasanna Acharya 3. Shri Raj Babbar 4. Shri Sambhaji Chhatrapati 5. Dr. Sonal Mansingh 6. Shri Derek O’Brien 7. *Kumari Selja 8. **Shri Tiruchi Siva 9. ***Shri K.C.Venugopal 9. Shri Dharmapuri Srinivas 10. Shri Vinay Dinu Tendulkar Lok Sabha 11. Shrimati Sumalatha Ambareesh 12. Shri Anto Antony 13. Shrimati Veena Devi 14. Shri Tapir Gao 15. Shri Rahul Kaswan 16. Shri Saumitra Khan 17. Ms.
    [Show full text]
  • Vision 2040 for the Civil Aviation Industry in India
    GLOBAL AVIATION S U M M I T 2 0 1 9 15 – 16 January 2019 | The Grand Hyatt, Mumbai Vision 2040 for the Civil Aviation Industry in India Knowledge Partner GLOBAL AVIATION S U M M I T 2 0 1 9 15 – 16 January 2019 | The Grand Hyatt, Mumbai Vision 2040 for the Civil Aviation Industry in India Knowledge Partner GLOBAL AVIATION S U M M I T 2 0 1 9 15 – 16 January 2019 | The Grand Hyatt, Mumbai Vision 2040 for the Civil Aviation Industry in India Knowledge Partner Federation of Indian Chambers of Commerce and Industry Federation House Tansen Marg New Delhi 110001 Sandip Somany T +91 11 2335 7364 F +91 11 2332 9369 President E [email protected], www.ficci.in CIN: U99999DL1956NPL002635 ISO 9001 : 2015 Certified MESSAGE I compliment the Ministry of Civil Aviaon, Government of India for taking this important iniave of organising the Global Aviaon Summit on 15th -16 th January 2019 in Mumbai with the overarching theme “Flying for All” The Indian aviaon sector is on a high growth path which is currently among the top seven global aviaon markets. It is expected to become the third largest market in the world by 2022. India now handles the third largest domesc traffic aer USA and China. It is likely that growth of this sector will be further boosted. However, the unprecedented growth being witnessed in the Indian aviaon sector is sll significantly lower than its untapped potenal. This opens opportunies for investment in new growth areas in the domain of civil aviaon.
    [Show full text]