Friday, November 24, 2006

Centre likely to open up air cargo space

Bangalore: The government is considering allowing overseas investment in the “non-scheduled” operations of the aviation sector such as cargo handling and helicopter and seaplane operations.
“The government is looking at opening non-scheduled operations. We feel there is a scope for huge growth in this area as witnessed in the passenger segment,” civil aviation minister Praful Patel said on Thursday.
Experts feel this move will also give a major boost to the manufacturing sector. Centre for Asia Pacific Aviation (CAPA) forecasts that once the world-class cargo infrastructure is put in place, the logistics sector is expected to grow at 15-20% till 2020.
Besides the cargo infrastructure, foreign investment into non-schedule operations would also propel growth in the general aviation sector such as chartered airline service, which is growing at a very fast pace.
23/11/06 Praveena Sharma/Daily News & Analysis