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Nov 18, 2022 · An efficient logistics industry acts as an economic catalyst by creating new market opportunities and moving goods and services rapidly. CURRENT SCENARIO. “The Air cargo market in India has witnessed steady growth despite the pandemic and how it impacted the economy,” says Satyaki Raghunath, Chief Strategy and Development Officer, Bangalore ...
- Air Cargo
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- Air Cargo
Sep 26, 2024 · 00:00. Both Indian and international airlines are significantly scaling up their cargo operations across India, capitalizing on the booming export market, the strategic shift to a China Plus One model, and the meteoric rise of e-commerce. The rapid growth in sectors like electronics, pharmaceuticals, and perishables is driving this trend, with ...
Sep 4, 2024 · Talking about the air cargo industry he said “India has a lot of potential and it is experiencing a transformative boom.”. Naidu also provided statistics on the air cargo sector in India, noting that the total cargo handled increased from 2.47 million tonnes in the financial year 2020-21 to an anticipated 3.36 million tonnes in the ...
Sep 3, 2024 · The Indian air cargo industry is recovering steadily from the Covid-19 pandemic. Freight traffic increased by 3.2% in 2022-23 compared to the previous year. Major Players and Market Share. The Air Cargo Market in India features several leading companies. These players dominate the landscape with their extensive networks and advanced logistics ...
Jul 21, 2021 · The air cargo business in India has remarkable untapped upside potential but that potential comes alongside myriad challenges, including high fuel costs and jockeying competition. One key driver for the growth of the air-cargo industry will be the development of fully digitized record-keeping leading to end-to-end paperless operations.
Mar 10, 2024 · Freightos data from the start of 2020 to the end of 2023 reveals four explosive trends in the Indian air cargo industry that have positioned India as one of the world’s largest exporting hubs: # of eBookings by end of Q4 2023 has grown by 6168%. # of airlines participating has grown by 1100%. # of active IATAs has grown by 2356%.
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India has set an ambitious target of reaching 10m tons of air cargo handled per year by 2030, attendees at the Air Cargo India event in Mumbai were told. “This is India’s time for growth,” said Sanjiv Edward, chief executive – cargo and logistics at the GMR Group which operates Delhi, Hyderabad and Manohar (Goa) airports and is developing two others.
