Indian aviation sector to generate 250,000 jobs by 2010: Assocham report
28 Mar 2007
New Delhi: The boom in the country's aviation sector is likely to result in the generation of nearly 2.5 lakh jobs by the year 2010, an Assocham report has said. According to the report, the civil aviation sector is also slated to become a Rs35,000 crore ( approx. $8.5 billion) industry in the same time frame.
The report, 'Aftermath of Commonwealth games 2010,' predicts that with the modernisation of the Delhi and Mumbai international airports, and also with the revamping of 35 non-metro airports, airlines and airport-based industry are likely to create over 2.5 lakh jobs.
"We are talking of investments of up to Rs150,000 crore (approx. $36 billion) in this sector," said DS Rawat, Assocham secretary.
International airlines have been projected to be the big gainers of this boom, as the report points out that approximately ten million foreign tourists are expected to visit India by 2010. In 2010 alone, the year the commonwealth games are to be hosted in New Delhi, one million international tourists are expected to visit the country, the report predicts.
As a result international airlines like British Airways, Virgin Atlantic, Australian Airlines, Air Canada, Singapore Airlines, Malyasia Airlines, South African Airlines, Cathay Pacific and China Airlines are expected to benefit the most.
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