India has the largest number of unicorns and start-ups in the aviation sector. The claim was made by Gen (Dr) VK Singh during the opening of Wings India.
The Indian minister responsible for Civil Aviation insisted that Wings India 2022 represents a huge opportunity for the nation and neighbouring countries to cooperate on matters related to the aviation sector and thus benefit from economies of scale.
Various politicians who spoke during the launch said that the civil aviation industry is not only about airplanes and airports, but focus must be put on building an airline ecosystem that has strong roots across the value chain. Manufacturing, is the core of the sector and the country must move from products to services. “Both product and service will result in economic and employment multipliers. Every direct job generated by civil aviation industry results in 6.1% indirect employment opportunities. This potential cannot be replicated by any other sector,” added the Indian Minister responsible for Civil Aviation.
Speaking on the govt initiatives he said that the Ministry wants to work as a collaborator along with all the stakeholders. “Our success lies with the success of our stakeholders. We have doubled the number of airports in India since the last 7 years and the horizontal expansion will result in vertical depth,” noted Mr Scindia.
Emphasizing the govt policies he said, the new helicopter policy, MRO policy, flying training organisation policy are focused on the spur of growth in the country. He urged the industry to join the Wings India 2022 to be part of the expanding horizon of the Indian aviation sector, which can be the key driver towards economic growth.