• India and China- the only sizeable economies likely to record growth rates of over 5% will prevent the world from recording negative growth in 2009, says the international Monetary Fund(IMF)
• World air cargo growth will expand at a 5.8 percent annual rate over the next two decades, with worldwide air freight traffic tripling through 2027, according to Boeing's World Air Cargo Forecast 2008/2009.
• Despite the economic crisis, Indians are most optimistic than their peers in developed nations like Japan,France, Germany and the United Kingdom according to Worldwide Independent Network(WIN)survey.
• The Indian economy is expected to grow at around 7% in the current and next fiscal but would bounce back in 2010-11 noted economist C.Rangarajan said. The growth rate would be about 7% for the fiscal in 2010-11. It will pick up depending on the global scenario.” Rangarajan said On the recovery of industrial growth to 2.4% in November from a dismal negative growth of 0.3% in the previous month, Rangarajan said it would be around 5% for the current fiscal.
• According to industry forecasts, the cargo segment of the airline business will more than triple by 2025. But before industry players begin celebrating, they should consider that the boom in air freight will not deliver an automatic “bump up” in growth across the board. In fact, according to Accenture research, 5.5 billion US dollars will move from the top line of air cargo carriers to their competitors over the next five years. Now is the time for air cargo players to achieve high performance or risk disappearing from the competitive landscape completely.
• Overall, the growth rate of the aviation sector in the next 10 years is expected to be not less than 25 percent. According to the Planning Commission, India’s air cargo movements would grow at over a CAGR of 11.5% from 2007-08 to 2011-12.
• Asian air cargo markets will lead the industry growth with China at the forefront.
• Foreign Direct Investment (FDI) limit in cargo airlines having been raised by the Government from 49% to 74% is attracting major overseas players to expand their Indian networks and capacity, with Middle East Carriers like Emirates ,Saudi Arabian Airlines, Qatar Airways, Etihad & particularly prominent in the build up.
• Air Cargo business has overtaken the ocean freight & rail freight market by expanding at nearly 19% in the last 3 years, as against 10.3% growth registered by ocean freight and 9.2% by railways.
• Dedicated freighter services have been launched by various airlines.
Air India was the first scheduled passenger airline in India to enter this arena, and in this year 2008, is planning to embark on a 25% capacity expansion. Airlines of high stature like Jet and Kingfisher and other formidable players in the Logistics Industry are also looking for their own cargo offshoots.
• In order to make the Mumbai Airport a benchmark among airports, Mumbai International Airport Pvt. Ltd. (MIAL), a joint venture between GVK-SA consortium and the Airports Authority of India, has a master plan to expand & upgrade Chhatrapati Shivaji International Airport (CSIA) to cater to a traffic of One million tons of cargo annually.
• The GMR-Menzies combine has adopted a PPP model to build a new International Airport at Hyderabad and install state-of-the-art cargo infrastructure. The total area allocated for cargo operations is around 10 acres out of which three acres have been dedicated to cargo processing and storage. Above all, the cargo terminal will have a cargo handling capacity of 1,00,000 MT on a cumulative basis.
Don't miss this opportunity to avail of the huge international networking opportunity
AIR CARGO INDIA 2010, the 3rd in the series of AIR CARGO INDIA event, is scheduled to take place in Mumbai, the busiest metropolis, commercial capital and the Air Cargo hub of India from February 2 to 4, 2010.
The Event is organized by The STAT Trade Times, popularly known as STAT TIMES (www.stattimes.com), an Integrated International Transport Media specializing in Air Cargo since 1986.
This Conference aims at fulfilling the increasing need felt in the Air Cargo industry both in India and abroad for a common platform to come together and deliberate on the prospects in the booming Air Cargo Industry in this country.
It is an opportunity for the delegates to interact with the key players of the industry from all over the world about the immense business possibilities in the emerging Indian Air Cargo market.
The Conference will also provide an opportunity to the delegates to listen to the views of the decision makers from all sectors of the Air Cargo Industry on a variety of relevant topics in sessions based on the main theme of the conference.
A Concurrent Exhibition is being set up for the benefit of the players in the Air Cargo Industry to show case their products and capabilities in the fastest growing region of the Air Cargo market.
Book Now to become a prospective player in the highly productive deliberations, showcase your Air Cargo products & services and join in the social gatherings for highly effective networking.
Don't miss this prospect of a huge international networking opportunity
Show-case your products and capabilities and reap the benefits
• Be a part of the growth that you have always envisioned.
It is not just an event; It is an opportunity