India is expected to become the third-largest aviation market in the world by 2024. According to the International Air Transport Association (IATA), India is projected to surpass China and the United States as the third-largest air passenger market by 2030. The increasing demand in the sector has led to a rise in the number of aeroplanes operating in the industry, with the number of planes expected to reach 1,100 by 2027.
As the demand continues to increase, now is the perfect time to embark on a career in the aviation industry. There are several career paths you can pursue, such as Aircraft Maintenance Engineering, Aeronautical Engineering, Commercial Pilot License Training, BBA in Aviation, and Air Hostess training. Among these courses, Commercial Pilot License and Aircraft Maintenance Engineering licences hold immense potential as they are indispensable positions in the industry.
According to the Indian Aircraft Act, 1934, and the rules established under it, an Indian Registered Aircraft must be certified by an Aircraft Maintenance Engineer (AME) licensed by the Directorate General of Civil Aviation (DGCA) before it can be released for flying. An AME licence holder certifies that the aircraft is airworthy and safe for flying before any flight operation. Individuals aspiring to obtain an AME licence must undergo a licensing program as per DGCA regulations.
Rising working group and widening middle -class demography is expected to boost demand. Country will become the third-largest aviation market in terms of passengers by 2024.
By 2028, the MRO industry is likely to grow over US$ 2.4 billion from US$ 800 million in 2018. Land allotment for entities setting up MRO facilities in India has been revised to a period of 30 years in September 2021, from the current 3-5 years as the government aims to make ndia a 'Global MRO Hub.
Foreign investment up to 49% is allowed under the automatic route. Under Union Budget 2021-22, the government lowered the custom duty from 2.5% to 0% on components or parts. including engines, for manufacturing of aircrafts by public sector units of the Ministry of Defence.
Investment to the tune of Rs. 420-450 billion (US$ 5.99-6.41 billion) is expected in India's airport infrastructure between FY18-23#. Growing private sector participation through the Public-Private Partnership (PPP).