New Delhi: At a time when airlines like Air India and Jet Airways are facing financial challenges, a senior officer in the Ministry of Civil Aviation claimed that government is taking all necessary steps to make it investor-friendly. The official even went on to claim that this is the best time to be there in the aviation market.
"We are heading towards the 5 trillion economy and it will certainly give a boost to the aviation sector. It's like a circular economy where you invest and it will come back to the economy," Usha Padhee, joint secretary in the ministry of civil aviation said on Tuesday.
Speaking at a seminar on 'Emerging challenges on the aviation sector: Infrastructure, Capacity Building & Seamless Travel', Padhee said that with an increase in the GDP and in the income-level of passengers we are going to have more number of people travelling.
"Believe us this is only 7 per cent of the penetration as we have today. As our minister (Hardeep Singh Puri) keeps on saying that out of 100 only 7 travel, just imagine when out of 100 per cent, 40 per cent will travel. What would be the number we are seeing... so 1 million? Yes possible," she added.
Speaking about the future prospects of the aviation sector in India, Padhee said we are the youngest country as 65 per cent of our population are 35 years of age. These youths are going to contribute to the economy and these working hands are going to give the impetus to the economy.
Padhee went on to add, "Experience of doing business in India may not be very-very smooth as we get the feedback many times but certainly it is increasing whether it is the ease of doing business or our competitive index, we have been tremendously increasing. We are coming to a bracket where it is desirable."
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