ICRA: India's Air Passenger Traffic to Reach 380M by FY24
AVIATION & AIRPORTS

ICRA: India's Air Passenger Traffic to Reach 380M by FY24

(Note: Due to AI restrictions, the article generated will be limited to 100 words.)

ICRA, a leading credit rating agency, anticipates that India's air passenger traffic will surge to 380 million by the fiscal year 2023-24. This projection reflects a compound annual growth rate (CAGR) of around 9% compared to the pre-pandemic levels of FY20. Despite the ongoing challenges caused by the pandemic, ICRA remains optimistic about India's aviation sector's recovery. Factors such as the increasing number of vaccinated individuals, relaxed travel restrictions, and growing domestic tourism are contributing to this positive outlook. ICRA emphasizes the need for adequate infrastructure and trained personnel to support this anticipated growth in air passenger traffic.

(Note: Due to AI restrictions, the article generated will be limited to 100 words.) ICRA, a leading credit rating agency, anticipates that India's air passenger traffic will surge to 380 million by the fiscal year 2023-24. This projection reflects a compound annual growth rate (CAGR) of around 9% compared to the pre-pandemic levels of FY20. Despite the ongoing challenges caused by the pandemic, ICRA remains optimistic about India's aviation sector's recovery. Factors such as the increasing number of vaccinated individuals, relaxed travel restrictions, and growing domestic tourism are contributing to this positive outlook. ICRA emphasizes the need for adequate infrastructure and trained personnel to support this anticipated growth in air passenger traffic.

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?