India should be viewed as an aviation value chain leader, not just a market, says PM Modi

Addressing Global Aviation Leaders
Prime Minister Narendra Modi, speaking at the annual general meeting of the International Air Transport Association (IATA) in Delhi, highlighted India’s evolving role in the global aviation sector. Modi emphasized that India is not just an aviation market but is poised to be a leader in the aviation value chain.
India's Aviation Sector Reforms
Modi credited significant reforms in recent years as key growth drivers for India's aviation industry. He stressed on India's commitment to becoming a global manufacturing hub and encouraged major aviation companies to not only "make in India" but also "design in India". Highlighting the new Indian Aircraft Act, Modi noted that it brings the nation's aviation laws in line with global best practices, offering a streamlined regulatory framework and simplified tax structure, which present significant investment opportunities for international aviation companies.
Focus on MRO and Aircraft Leasing
The Prime Minister identified maintenance, repair, and overhaul (MRO) as a sunrise sector, with India pushing to establish a $4-billion MRO hub by 2030. From having 96 MRO facilities in 2014, India has increased this number to 154. Modi pointed out that policies such as 100 percent FDI under the automatic route, GST reduction, and tax rationalization have injected new momentum into this sector.
Furthermore, Modi discussed recent legislative changes and incentives for global aircraft leasing companies, which have enhanced India's attractiveness as a destination for aircraft leasing.
India's Growing Aviation Market
India, being the world's third-largest and fastest-growing major aviation market, sees substantial engagement from global aviation manufacturers like Airbus and Boeing, which source components and services worth billions of dollars. Modi expressed that the Indian aviation industry is at a significant takeoff point and predicted its growth will transcend geographical boundaries, promoting sustainability, green mobility, and equitable global access.
Three Pillars of India's Aviation Strategy
Modi outlined three pillars driving India's aviation sector forward:
- A vast market: With the Indian aviation market expanding rapidly.
- A strong demographic and talent pool: In areas such as artificial intelligence, robotics, and clean energy.
- An open and supportive policy ecosystem: Which facilitates growth and innovation.
He noted that with these strengths, India is set to elevate its aviation sector to unprecedented heights. Modi also highlighted the double-digit growth of Indian airlines, with passenger numbers expected to rise from 24 crore to 50 crore annually by 2030, and air cargo volume projected to surge to 10 million tonnes by the end of the decade from around 3.5 million tonnes currently.
Vision for Space-Aviation Convergence
In his concluding remarks, Modi spoke about India emerging as a leader in the convergence of space and aviation sectors. He touched upon the ambitions for commercialization of space flights and their future integration into civil aviation. While acknowledging that these developments will take time to materialize, Modi's vision underscores the broad and dynamic scope of India's aviation strategy.

ExecuJet MRO Services Australia completes 1st Embraer Legacy 500 120-month check

Explosives in cargo, no engineer at arrival: What officials found on Turkish Airlines planes at Delhi, Bengaluru, Chennai, Hyderabad airports | Delhi News

Airbus Prioritizes 1200+ New Deliveries to IndiGo and Air India

Japan's Peach Aviation leases hangar for business jet ops

United Airlines Joins with American, Delta, Frontier, Hawaiian in Delivering Airbus Orders, Electrifying Future of US Air Travel - Travel And Tour World

Boeing Stock Dips. Airbus May Have Won a Big China Order, Report Says.

United Airlines Silently Orders 40 Airbus A321neos

US FAA proposes PW2000 checks over metal contamination

We Fix Big Planes: Company to Bring 250-300 Jobs to Lakeland Airport
