Policy to give thrust to air cargo to be drafted soon: Prabhu

Image
Press Trust of India Panaji
Last Updated : Apr 14 2018 | 5:20 PM IST

A policy to provide thrust to air cargo would be drafted soon as it will fuel the growth of the aviation sector and boost the country's economy, Union Civil Aviation Minister Suresh Prabhu said today.

He was in Goa to review the progress of the work on the greenfield international airport in Mopa in north Goa being constructed by GMR Goa International Airport Limited, a special purpose vehicle formed by GMR Airports Limited.

The first phase of the airport is expected to be completed by 2020, officials said.

"We are trying to make a policy for air cargo so that the aviation market can grow, which in turn will boost the trade and economy of the country," Prabhu told PTI today.

He said that the success of the aviation sector in the country was completely propelled by the participation of private players, adding that infrastructure for the movement of air cargo could be created in the same way.

He said that night hours, when air passenger traffic was negligible, could be used to airlift cargo.

Prabhu added that logistic cost, speed of movement of cargo and the cost of moving them was critical for the country to succeed in the global market as well as for domestic competitiveness.

"Air cargo can play a key role to transport perishable items. We are in talks with some countries for the export of fruits and vegetables," he said.

The minister said that India grows almost 380 million tonnes of agricultural items and around 400 million tonnes of horticulture produce, but 30 per cent of this perishes before it reaches the markets.

"So this part that is lost can be saved and exported which will give farmers a significant rise in income," Prabhu said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Apr 14 2018 | 5:20 PM IST

Next Story