Tag : ACFI

Delhi (The Hawk): Union Minister of Civil Aviation Shri Jyotiraditya M. Scindia today attended the annual event of Air Cargo Forum India (ACFI) as the chief guest. The theme of the annual event was “10 Million: Vision 2030; Stimulating, Scaling, Steering Air Cargo”. Other dignitaries who graced the event were Shri Piyush Srivastava, Senior Economic Advisor, Minister of Civil Aviation, Shri Cyrus Katgara, President, ACFI, Shri Yashpal Sharma, Vice President, ACFI. Besides, Shri Arvind Aggarwal, Shri Arun Sharma from ACFI and other top dignitaries of AFCI and representatives of cargo industry. During the last 2 years in Covid times, cargo sector has emerged as a promising area not just for Indian aviation but for global aviation. Indian Cargo Sector has seen a growth rate of 9-10% since 2013-14. During the last 2 years, airlines have witnessed 520% increase in cargo revenue. As of today, Indian Cargo revenue stands at INR 2,000 crore with 3.1 million metric tonnage having a CAGR of 13%. Today, India has 21 international and 35 domestic cargo terminals. Dwelling on the achievement of cargo sector, Shri Jyotiraditya M. Scindia said, “Air Cargo had started as an underdog during the difficult Covid times but the industry was able to adapt and change to the new environment. During the times of Covid, we have rapidly expanded from having 7 Cargo Freighters to 28 Cargo Freighters in a short period of 3 years.” Talking about the reforms in Cargo Sector, Minister commented “To achieve the target of 10 million metric ton in cargo, the industry players need to focus on transportation of smaller cargo loads from Tier II & III cities to metros which can be achieved by acquisition of smaller size aircrafts. To facilitate this, we are also establish ...