Pranab Mukherjee To Inaugurate Aviation Expo Today In Hyderabad : Boeing, Airbus, More To Participate

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Pranab Mukherjee To Inaugurate Aviation Expo Today : President Pranab Mukherjee will visit Hyderabad today (March 16) to inaugurate the fifth edition of ‘India Aviation 2016’, the international exhibition and conference on civil aviation, to be held at Begumpet Airport. President Pranab Mukherjee calls for building new greenfield airports to enhance aviation infrastructure.The event is going to held for five days. The five-day (March 16 to 20) event has been organized by Ministry of Civil Aviation along with Federation of Indian Chambers of Commerce and Industry (FICCI).

Pranab Mukherjee To Inaugurate Aviation
Pranab Mukherjee To Inaugurate Aviation

Pranab Mukherjee To Inaugurate Aviation Expo Today In Hyderabad : Boeing, Airbus, More To Participate

The passenger traffic in the country is expected to increase to 450 million by 2020 from the present about 160 million. By the end of the 12th five year plan, the country’s aviation sector is likely to see investments of more than 12 billion US Dollars, with major contribution from the private sector. The officials also informed that 200 low-cost airports are planned to be built in the next 20 years to connect tier-II and tire-III cities and about 1.3 billion Dollars planned to be spent on non-metro projects during in next two years, focussing on modernisation and upgradation of airports.

Aviation Industry leaders, foreign delegates including ministers and ambassadors, officials, representatives of industry associations and other stakeholders from about 40 countries will be taking part. Leading aircraft and helicopter manufacturers like Boeing, Airbus, Textron, AA Embraer, Gulfstream, Dassault, Agusta Westland, Bell Helicopters, Russian Helicopters will take part in the show. As many as 30 aircrafts, including small business jets and big aircrafts will be on display.

Currently more than 85 international airlines operate to India and 5 Indian carriers connect over 40 countries. It is also one of the least-penetrated air markets in the world with 0.04 trips per capita per annum as compared to 0.3 in China and more than 2 in the US.

By the end of the 12th five year plan, the country's aviation sector is likely to see investments of more than 12 billion US Dollars, with major contribution from the private sector. The officials also informed that 200 low-cost airports are planned to be built in the next 20 years to connect tier-II and tire-III cities and about 1.3 billion Dollars planned to be spent on non-metro projects during in next two years, focussing on modernisation and upgradation of airports.

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