Home » Business » Airlines have witnessed 520% increase in cargo revenue in last two years

Airlines have witnessed 520% increase in cargo revenue in last two years

Newdelhi:10/5/22:Union Minister of Civil Aviation Shri Jyotiraditya M. Scindia today attended the annual event of Air Cargo Forum India (ACFI) as the chief guest. The theme of the annual event was “10 Million: Vision 2030; Stimulating, Scaling, Steering Air Cargo”. Other dignitaries who graced the event were Shri Piyush Srivastava, Senior Economic Advisor, Minister of Civil Aviation, Shri Cyrus Katgara, President, ACFI, Shri Yashpal Sharma, Vice President, ACFI. Besides, Shri Arvind Aggarwal, Shri Arun Sharma from ACFI and other top dignitaries of AFCI and representatives of cargo industry.

During the last 2 years in Covid times, cargo sector has emerged as a promising area not just for Indian aviation but for global aviation. Indian Cargo Sector has seen a growth rate of 9-10% since 2013-14. During the last 2 years, airlines have witnessed 520% increase in cargo revenue. As of today, Indian Cargo revenue stands at INR 2,000 crore with 3.1 million metric tonnages having a CAGR of 13%. Today, India has 21 international and 35 domestic cargo terminals.

Dwelling on the achievement of cargo sector, Shri Jyotiraditya M. Scindia said, “Air Cargo had started as an underdog during the difficult Covid times but the industry was able to adapt and change to the new environment. During the times of Covid, we have rapidly expanded from having 7 Cargo Freighters to 28 Cargo Freighters in a short period of 3 years.”

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
x

Check Also

Odisha CM Takes Part In Vigraha Pratistha and Maha Samprokshanam rituals of Sri Venkateswara temple

Bhubaneswar:26/5/22: Odisha Chief Minister Naveen Patnaik along with Governor of Andhra Pradesh, Biswabhushan Harichandan took part in the Vigraha Pratistha and Maha Samprokshanam rituals of Sri Venkateswara temple at Bhubaneswar which was ...