The Union Minister for Civil Aviation Ajit Singh said that India would be the third largest aviation market by 2020. The Minister was addressing senior representatives of the aviation industry in Delhi on the occasion of Aviation Day on March 26. India’s airports would be handling 336 million domestic and 85 million international passengers with projected investment to the tune of US$ 120 billion by 2020.
The Minister reminded the gathering that recently he took a decision to liberalise the process for airlines to aquire aircrafts by doing away with the Aircraft Acquisition Committee. He added that the government has also taken steps to liberalise and grant traffic rights to Indian carriers to fly to new destinations around the globe.
To give a big boost to international air travel, the Government has taken substantial steps to liberalize and grant traffic rights to Indian carriers to fly to several new destinations across the globe, he added.
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