Prime Minister Narendra Modi on Monday invited international aviation companies to invest in India's rapidly expanding aviation sector, citing a streamlined regulatory framework, ease of compliance, and simplified taxation as key enablers. He was speaking at the 81st Annual General Meeting of the International Air Transport Association (IATA) and the World Air Transport Summit (WATS) in Delhi.

Emphasising India’s rise as a key player in the aviation ecosystem, PM Modi outlined the country’s plan to establish a USD 4 billion Maintenance, Repair and Overhaul (MRO) hub by 2030. He highlighted India’s growing capacity in this domain, noting an increase in MRO facilities from 96 in 2014 to 154 at present, supported by 100 per cent FDI under the automatic route, a reduction in GST, and rationalised tax structures.

“The new Indian Aircraft Act brings our aviation laws in line with global standards, opening new opportunities for global investors,” the Prime Minister said. He noted that India’s civil aviation sector has undergone historic changes over the last decade, positioning the country as a leader in space-aviation convergence and an emerging hub for innovation and inclusive growth.

The IATA AGM, held in India after 42 years, attracted over 1,600 global aviation leaders, government officials, and media representatives. Modi outlined three pillars driving India’s aviation ascent:

• A vast and aspirational domestic market
• A strong demographic and innovation-driven talent pool
• An open, growth-oriented policy ecosystem

India is now the third-largest domestic aviation market globally, he added, highlighting the country’s transformation over the past four decades. "Today’s India is confident, capable, and committed to leading global aviation growth," PM Modi said.