Wings India-2022

[GS Paper 3 – Infrastructure, Growth and Development]

Wings India is a biennial show that will be held between 24th-27th march 2022 in Begumpet airport.

Organized by the Ministry of Civil Aviation of India (MoCA) and the Federation of Indian Chambers of Commerce and Industry (FICCI) jointly, the theme of the event this year is ‘India@75: New Horizon for Aviation Industry’.

Key Highlights

• Wings India is a biennial show. The event is in synergy with India’s commitment to transform the country into World’s top aviation hub. 
•  It is Asia’s Largest event on Civil Aviation. It seeks to provide a congenial forum catering to the rapidly changing dynamics of the sector, focusing on new business acquisition, investments, policy formation and regional connectivity. 
• The program is jointly organized by the Ministry of Civil Aviation and the Federation of Indian Chambers of Commerce and Industry (FICCI). 
• It will provide a much-desired fillip to the aviation and restructured focused forums shall be instrumental in attaining the objective of connecting the Buyers, Sellers, Investors, and other stakeholders at a common vantage forum ‘Wings India 2022’. 
• The theme of wings India 2022 is “ India@75: New Horizon for Aviation Industry”

Civil Aviation Market in India

• India’s Civil Aviation is among the fastest-growing aviation markets globally and will be a major growth engine to make India a USD 5 trillion economy by 2024. 
• It is the 3rd largest aviation market by domestic air passenger traffic which stood at 274.05 million in FY20. It grew at a Compound Annual Growth Rate (CAGR) of 12.91% during FY16-FY20. 
• The Indian civil Aviation MRO market, at present, stands at around USD 900 million and is anticipated to grow to USD 4.33 billion by 2025 increasing at a CAGR of about 14-15%. 
• India’s Civil Aviation consists of 713 aircraft of scheduled Indian carriers operating year round. Private scheduled airlines plan to add over 900 aircrafts in the next 5 years.

Ministry of Civil Aviation 

• The Ministry of Civil Aviation in India is the nodal ministry responsible for the formulation of national policies and programmes for development and regulation of civil aviation. It devices and implements schemes for the orderly growth and expansion of civil air transport in the country. 
• This ministry exercises Administrative control over attached autonomous organizations like the Directorate General of Civil Aviation, Bureau of Civil Aviation Security, and Indira Gandhi Rashtriya Udaan Academy, and other public sector undertakings.

The Federation of Indian Chambers of Commerce and Industry( FICCI)

• It is an association of the business organizations in India, established in the year 1927. 
• It is a non-governmental trade association 
• It draws its Membership from the corporate sector both private and public including SMEs and MNCs
  

 Headquartered in New Delhi

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