The Department for International Trade (DIT) organised a UK Airports Sector Trade Mission to India in the w/c 20th February 2023 whic explohred the exciting and growing Indian airport infrastructure development market. The mission was organised in partnership with British Aviation Group and was open to BAG members as well as non-member UK companies.
Please find the BAG & DIT Airport Sector Trade Mission to India Video below:
In spite of the pandemic related set back, the long-term airport infrastructure demand scenario and development plans in India are largely on track. Domestic air passenger demand has shown great resilience which gives confidence to policy makers and developers to go ahead with their ambitious plan in the sector.
The rise in the number of passengers is catalysed by increasing disposable income amongst India’s middle class, growing working population, external trade, tourism, competitive landscape with private sector airlines offering attractive airfares and bringing on board passengers who were traditionally rail passengers! The air passenger growth is also aided by the Government of India’s Regional Connectivity Scheme- UDAN, whereby government is trying to bring a large number of under-served or unserved airports onto the aviation map both through infrastructure upgrade or support to airlines through Viability Gap funding and other concessions.
To meet the growing demand and tap into potential opportunities in the market, Indian airlines have placed order for 1000 planes (and upcoming deals could increase it to 1200) making India the third biggest market for airplanes behind USA and China.
With the expansion of its fleets planned by domestic airlines, several existing airports are being expanded or Greenfield projects planned. Bangalore, Hyderabad, and New Delhi airports are at an advanced stage of executing their expansion plans. Greenfield airports such as those in Navi Mumbai, Visakhapatnam and Noida are at an advanced stage of execution. Overseas investors, Groupe ADP, Fairfax and Zurich Airports have invested in Indian airport infrastructure, a sign of demand visibility and comfort with Indian regulatory and policy regime.
Indian public and private sector companies are expected to invest over £10 billion in airport infrastructure in the next 5 years and India aspire to have 90 airports carbon-neutral by 2024.
UK companies have had good successes in the Indian market in the past. The UK Airports sector expertise could do more to support India’s ambitious plan and in the process UK airport supply chain companies could tap potential business opportunities by offering their products and services.
We are now able to share with you the following draft outline mission programme (20-24 February 2023).
(subject to final confirmation and change)
DRAFT OUTLINE PROGRAMME
Monday, 20 February - New Delhi
AM – Zurich Airport ( NOIDA )
PM – Tata Projects ( EPC Contractor for Noida International Airport )
Tuesday, 21 February – New Delhi
AM – Airport Authority of India
PM – GMR Airports
Wednesday, 22 February – Ahmedabad
Thursday , 23 February - TBC
EITHER Bangalore (to visit newly opened Bengaluru's Kempegowda International Airport T2, discuss new technologies and cityside development opportunities)
OR Hyderabad to discuss potential opportunities with Greenfield Visakhapatnam Airport.
Friday, 24 February, Mumbai
AM - Navi Mumbai International Airport team
PM - L&T – EPC contractor for Navi Mumbai Airport