India Air cargo sector to grow at 9 per cent

Air cargo sector to grow at 9 per cent, says Ashok Gajapathi Raju The government has taken various policy initiatives including reducing the dwell time and pushing for paperless transactions to boost cargo sector, he added. "Air cargo in India is expected to register 9 per cent growth rate in the next few years" compared to half of this figure for global air cargo trade as a whole, Raju said. In the last decade, air cargo sector witnessed a growth of around 7 per cent. The country's air cargo sector is projected to grow at over 9 per cent in the next few years, Civil Aviation Minister Ashok Gajapathi Raju said today. Noting that various initiatives are being taken in the aviation sector, Raju said the regional connectivity scheme would help in continued growth of the air cargo sector. The government has taken various policy initiatives including reducing the dwell time and pushing for paperless transactions to boost cargo sector, he added. "Air cargo in India is expected to register 9 per cent growth rate in the next few years" compared to half of this figure for global air cargo trade as a whole, Raju said. In the last decade, air cargo sector witnessed a growth of around 7 per cent. Delivering the keynote address at the India Integrated Transport and Logistics Summit here, Raju said the regional connectivity scheme would help air cargo growth and as well as capture new business opportunities. Courtesy: The Economic Times.

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