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Government working for top-class cargo industry: Jayant Sinha

IANS  |  Hyderabad 

The Civil has undertaken an initiative to comprehensively involve the and the in designing a solution-centric approach to create best-in-the-world air cargo industry, of state for Civil Aviation said here on Friday.

He said the air cargo industry has high potential to be developed as a major industry and an economy enabler, like the passenger aviation industry.

Sinha was speaking at a Roundtable on Cargo and Logistics at the 'WINGS 2018', organised by Ficci jointly with the and Airports Authority of The four-day biennial event began on Thursday.

Stressing that there is a need for a collaborative, consultative and a comprehensive approach between the private sector air cargo and logistics industry and the government, he said the government would play a facilitator's role in regulation and policy.

Initiatives are already underway for a comprehensive involvement of the and the

Recording a 15 per cent annualised growth and a 20 per cent EBITDA, the air cargo industry ships about 3.7 lakh metric tonne goods every year. Agriculture and food products, pharmaceuticals, leather and textiles are the primary sectors, he added.

and the also exchanged an understanding for skill development.

For simplifying air cargo movement, two portals were launched, which are among the first in the world.

It was also announced at the event that a committee under the chairmanship of the has taken an important step towards removal of detained cargo within 120 days from airports.

This will help create more infrastructure and physical space for cargo at airports in the country.

Currently, 65 per cent of air cargo, including domestic and international, is moved by top 10 airlines and the vast majority of air cargo is concentrated at the top 10 airports of the country.

The forward-looking agenda of the government would be to distribute the shipment of air cargo to regional airports, the said.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 23:32 IST