Golden
time for Indian aviation! India is all set to become a major global
aviation hub, says Girish Nair, Partner, KPMG in India. In this week’s
episode of TOI Business Bytes, Girish Nair talks about why India’s
aviation sector has not been able to exploit its potential to the
fullest but now with major aircraft deals and several new airports
coming up, India is all set to be a major player in the global aviation
market.
Recently Air India
placed the largest ever order for aircraft in the history of global
aviation. The Tata group owned airline announced a deal to purchase 470
aircraft from Airbus and Boeing
- an approximately Rs 6.4 lakh crore deal that will create several lakh
jobs in many countries. Parallel to that, India will also be opening
several new airports in the coming years to expand regional connectivity
- particularly to Tier III cities.
India emerging aviation power? Air India deal, new airports to usher golden time
Watch this week’s TOI Business Bytes episode in the video above to know why Girish Nair is of the opinion that Indian aviation is seeing a golden time and how India can be the go to hub for international travellers.
He also talks about whether airfares - whether domestic or international - are expected to come down any time soon.
India
is creating world-class infrastructure with several airports being
ranked among the best in the world in several surveys year after year.
According
to Girish Nair, India’s aviation landscape is set to change in the
coming years. However, he notes that several challenges are also in
store if airlines, airports and ancillary services have to come together
to form a seamless world class network in India.
TOI Business Bytes
brings you views that matter - from CEOs, CXOs to sector experts and
more. Tune into Times of India’s Youtube channel every Wednesday 7:30 AM
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