PM Invites Global Firms to Invest in Aviation

04 Jun 2025 CW Team

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.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..