Indian Aviation Market Is Under-Served, Says Minister: India Report

23.01.2024 - 08:05 / skift.com / Peden Doma Bhutia / Jyotiraditya Scindia / Air India / Akasa Air

Despite India’s tremendous growth in aviation, the country remains a highly under-penetrated market, said Indian aviation minister Jyotiraditya Scindia.

“Even if, as per projections, the number of domestic passengers reaches 635 million by fiscal year 2030, India will still be one of the least penetrated of the 20 largest market,” he said.

Scindia was speaking at the inauguration of the Wings India 2024 in Hyderabad last week.

Talking about the jump in domestic passengers, Scindia said the number rose from 60 million in 2014 to 143 million in 2020 and is expected to have crossed 150 million in 2023.

“We are clocking more than 450,000 passengers a day on a regular basis with a high of 467,000 domestic passengers recently,” he said.

Scindia said the government has been working to create capacities, remove bottlenecks and simplify processes and procedures to ensure that in 2047, India has an aviation system that supports a $20 trillion economy.

“We have doubled number of airports in the country in the last 9 years, from 74 in 2014 to 149 now,” he said, highlighting the ongoing work on capacity enhancement at airports in metro cities, where the overall capacity is slated to rise from 221 million passenger per year currently to over 468 million passengers per year in the next decade.

MyBiz, the corporate travel arm of MakeMyTrip, is partnering with Zoho, an Indian technology company, to streamline corporate travel and expense management. The collaboration aims to provide tailored solutions for businesses of all sizes, addressing varying complexities in travel and expense needs. With over 55,000 active clients, myBiz, through its integration with Zoho Expense, aims to streamline processes from travel requisition to expense management.

Acknowledging that the corporate landscape is as varied as the needs of the companies it comprises, myBiz in a release highlighted that there cannot be a one-size fits all solution, as some businesses require simple expense solutions, while others demand more complex software offerings.

Through the partnership with Zoho, MakeMyTrip said it aims to offer a comprehensive suite that seamlessly integrates with existing systems, providing businesses with a tech-agile solution for managing their travel, expense, and governance needs.

Air India has announced the launch of a comprehensive aviation training academy in Gurugram, positioned as the largest in South Asia. The airline said the academy marks a significant step in its ongoing transformation to power the growth of India’s aviation ecosystem

The academy is scheduled to commence operations this month and aims to train over 50,000 aviation professionals, including pilots, cabin crew, ground handling personnel, engineers, and