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About the Industry
Civil aviation industry in India is growing rapidly and experiencing a new aera of expansion driven by factors such as Privatization of airports, low cost carriers, introduction of modern airports, foreign direct investments in domestic airlines, cutting edge information technology and growing emphasis on regional connectivity.
India is the 9th largest aviation market in the world with a size of around US$ 16 billion and is expected to be the 3rd biggest by 2020. India aviation industry promises huge growth potential due to large and growing middle class population, rapid economic growth, higher disposable incomes & rising aspirations of the middle class society.
The Airports Authority of India (AAI) plans to revive and operationalise around 50 airports in India over the next 10 years to improve regional and remote air connectivity. The Government of India has decided to privatize four major airports of Kolkata, Chennai, Jaipur and Ahmedabad.
The Govt. of Chhattisgarh is also focusing on promoting the aviation industry and establishing the regional air connectivity within the state. A perspective Civil Aviation Plan for the state of Chhattisgarh has been prepared to assess the potential traffic and possibilities to develop new regional airports. The Govt. has also decided to construct a new airport in Raigarh for which an MOU has been already signed with AAI and also planning to expand the existing airport at Jagdalpur to start regular operations.