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The Indian aviation market is one of the fastest-growing in the world, with a passenger traffic compound annual growth rate (CAGR) of 10% expected until 2026. This growth is being driven by a number of factors, including a growing middle class, increasing disposable incomes, and an expanding tourism industry. The Indian government is also playing a key role in the development of the aviation sector, with a number of initiatives in place to improve infrastructure and connectivity.
Aviation plays a vital role in India's economic development and global connectivity. The Indian government recognizes this importance and invests heavily in aviation procurement, aiming to modernize and expand the country's aviation infrastructure and capabilities. In 2023, the government allocated an estimated ₹120,000 crore (approximately US$15 billion) to aviation procurement, demonstrating its commitment to shaping a modern, efficient, and sustainable aviation sector.
Several factors contribute to the substantial growth in India government aviation procurement:
Modernizing the aviation fleet: India's aviation fleet is aging and needs modernization to meet safety and efficiency standards. The government is investing in new aircraft and helicopters to replace outdated equipment.
Expanding airport infrastructure: India's airports are congested and need expansion to accommodate growing passenger and cargo traffic. The government is investing in new airport construction and expansion projects.
Promoting domestic aviation industry: The government is committed to promoting the growth of the domestic aviation industry. Procurement initiatives are designed to encourage domestic manufacturers and support skill development in the aviation sector.
The Indian government procures a wide range of aviation products and services, including:
Military aircraft
Commercial aircraft
Helicopters
Avionics
Radar systems
Satellite communication systems
The top authorities for India aviation procurement are:
Ministry of Defence
Ministry of Civil Aviation
Directorate General of Civil Aviation
Indian Air Force
Indian Navy
Indian Army
The top winners of India aviation procurement are:
Boeing
Airbus
Lockheed Martin
Thales
Safran
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