New Delhi Aug 2 (IANS) India s air passenger traffic is expected to reach 500 million in 10-15 years Union Minister Jayant Sinha said on Wednesday.
According to the Minister of State for Civil Aviation currently India s aviation sector was able to service 160 million passengers a year while this stood at 900 million in the US and about 500 million in China.
Sinha was speaking at an event here organised by the US-India Strategic Partnership Forum.
"The Indian aviation sector is growing at an outstanding rate of 20 per cent a year. It s the world s fastest growing aviation market " Sinha said.
"But the rate at which we are growing and the potential that we see in next 10-15 years the aviation sector in India will triple to over 500 million passenger trips. That is the kind of opportunity that companies like Boeing and Honeywell are seeing."
--IANS
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