Indian Air Industry Needs $90 Bln Investment by 2030, IATA Says

India will need $90 billion in investment in its air industry by 2030 to meet demand for flights as the country's economy expands and disposable income rises, an industry group said.
The International Air Transport Association, whose 261 members represent 94 percent of scheduled air traffic, said demand will rise to 300 million passengers annually as India's economy grows. Investment in airlines and airports is threatened by current regulation, the group also said.
``If India doesn't reform its regulation, investors will shy away from the air industry with a knock-on effect to industrial growth,'' IATA Chief Economist Brian Pearce said in an interview in London today.
High airport charges and the inability of foreign investors to enter the Indian aviation industry may stifle growth, Pearce said.
12/06/06 Bloomberg

To Read the News in full at Source, Click the Headline