The country's domestic air cargo sector has been growing at 7 per cent, while the international air cargo segment has been clipping at 12 per cent.
The overall average growth is around 10 per cent, which is still twice the average growth rate of the global air cargo business, Civil Aviation Secretary R N Choubey said today.
"We are developing a common framework for movement of air cargo across all stakeholders," he said, adding that the same is expected to be in place in one-and-a-half years.
"Our idea is to create a unified platform where all these can be together. This is a very challenging task...," Choubey said.
Instead of individual players dealing with cargo, if there is a common platform which covers freighters, airport operators, airlines and security agencies, among others, then transaction would be much faster, he added.
Choubey also said common user cargo terminals are expected to be created at 17 airports.
Civil Aviation Minister Ashok Gajapathi Raju said the domestic air cargo sector is projected to grow at over 9 per cent in the next few years.
The government has taken various policy initiatives including reducing the dwell time and pushing for paperless transactions to boost the cargo sector, Raju noted.
"Air cargo in India is expected to register 9 per cent growth rate in the next few years" compared to half of this figure for global air cargo trade as a whole, he said.
Noting that various initiatives are being taken in the aviation sector, Raju said the regional connectivity scheme would help in continued growth of the air cargo sector.
The first flight under the scheme, known as UDAN (Ude Desh ka Aam Naagrik), was launched last month. The scheme seeks to connect unserved and under-served airports as well as make flying more affordable.
At the event, Shipping Secretary Rajive Kumar said multi-modal hubs are being developed and Varanasi is going to be the first such hub.
He also emphasised on the need to seriously look at the logistics cost.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
