The government will set up 33 new domestic cargo terminals by 2024-2025, which will contribute significantly to the growth of India's cargo sector.
Union Minister of Civil Aviation Jyotiraditya Scindia on 11 May attended the annual event of Air Cargo Forum India (ACFI) as the chief guest.
He said that this can be achieved by acquisition of smaller size aircraft.
The theme of the annual event was “10 Million: Vision 2030; Stimulating, Scaling, Steering Air Cargo”.
Cargo sector in India
During the last 2 years in the post-Covid era, the cargo sector has emerged as a promising sector not only for Indian aviation but also for global aviation.
The Indian cargo sector has witnessed a growth rate of 9-10 per cent since 2013-14.
During the last 2 years, the airlines have registered a growth of 520% in cargo revenue.
At present, Indian Cargo revenue stands at INR 2,000 crore with 3.1 million metric tonnage having a CAGR of 13%.
Currently, India has 21 international and 35 domestic cargo terminals.
About Air Cargo Forum India (ACFI)
It was established on 14th September 2012.
It is an association of various stakeholders of Air Cargo Logistic Supply Chain Trade and Industry i.e. Freight Forwarders, Airlines, Airport Operators, Cargo Terminal Operators, Customs House Agents and Express Industry.
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