Mumbai : Air Cargo development in India has huge potential for foreign players. ‘The domestic market of air cargo is itself so big in India that it can help in sustaining the operations. Overall, the growth rate of the aviation sector in the next 10 years is expected to be not less than 25 percent. This implied huge opportunity for foreign and private players in the Air Cargo industry, be it airport, airline, charter operatiors, Air Cargo handling equipment and services, Cargo Sales Agents, Airports, Consolidators, Custom Brokers, Exporters/Importers, Freight Forwarders, Supply Chain companies, IT Cos., Insurance companies, Multi-modal transportation companies, Security Companies, Shippers, Trade Associations etc. The opportunities available in Indian Air Cargo market has attracted the aviation industry’s attention the world over.
The leading players of the Aviation and Logistics industry will have an opportunity to assess and reap the benefits of these opportunities at AIR CARGO INDIA 2008, an international event being organized by The STAT Trade Times, a multimodal transport media at Mumbai, the commercial capital and Logistics hub of India from January 23-25, 2008. The event got a shot in the arm when the Civil Aviation Minister of India, Mr.Praful Patel lauded the initiative taken by STAT TIMES in organizing this event to bring into focus the immense opportunities thrown open by the rapidly emerging Indian air cargo market. “I am very glad to know that The STAT Trade Times is coming up with the 2nd International conference and exhibition “AIR CARGO INDIA 2008”, from January 23-25, 2008 at the World Trade Centre in Mumbai.”, said Mr. Patel in his message.
“The conference is definitely a window to the opportunities available in the Indian Air Cargo market and is taking place at the right time as India stands at the threshold of becoming an important hub in the International Air Cargo Industry,” the Minister said.
According to an independent market survey conducted by Datamonitor, a key segment of Asia’s business leaders believes that the Asian economy will continue to enjoy strong growth ranking China and INDIA with the greatest prospects. In its latest report, ‘India Logistics outlook 2007’ outsourced logistics at just about one quarter of the entire USD 90 billion India Logistics market, 3PL service providers are expanding their basket of services as companies are now looking for more than just transportation of their products and raw materials. The report continues to mention that with the collective economic interaction of growing per capita disposable income, fast growing manufacturing and organized retailing sectors, increasing external merchandise, trade, infrastructure investments by the Government and 3PL capex plans, both India’s Logistics industry and the 3PL sector of the market are set to witness explosive growth in the next five years.
This explains why the AIR CARGO INDIA 2008, organized for the 2nd time, got off to a flying start, with Emirates SkyCargo booking bulk space for the exhibition. Emirates SkyCargo was one of the star attractions in the first edition of the event. All the participants of the last event, AIR CARGO INDIA 2006 have indicated their willingness to participate in this second event. Other leading players in the industry have also evinced keen interest in the event.
The event is expected to attract a large number of trade visitors from the transport and logistics sectors in addition to the air cargo industry.
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