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Not just a market, India should become value chain leader: PM
Financial Express Lucknow
|June 03, 2025
INDIA SHOULD BE perceived as not just a large aviation market but also as a value chain leader, Prime Minister Narendra Modi said in his address at the annual general meeting of the International Air Transport Association (IATA) in New Delhi on Monday.
India's civil aviation market is the fastest growing in the world, and it is already the third largest, behind the US and China. Homegrown brands like IndiGo, Air India and Akasa Air have placed orders for more than 2,000 planes to tap the future growth in the sector.
To keep up with the allied sector of aircraft service, Modi said, "In 2014, there were 96 MROs (maintenance repair and overhaul) in India, which has increased to 154 today. Our target is to make India a $4 billion MRO hub."
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