Heli-India Summit 2022

In the Union Territory of Jammu and Kashmir, the Minister of Civil Aviation recently launched the 4th Heli-India Summit 2022.
Theme: Helicopters for Last Mile Connectivity.

What are the Summit's Highlights?

When announcing the accomplishments in the civil aviation sector, it was mentioned that from 1947 to 2014, the nation had only 74 airports; today, it has 141, with 67 of those being added in the last seven years.
The current port in Srinagar would be tripled in size, and a civil enclave will be built in Jammu.
Announced plans to create a HEMS (Helicopter Emergency Medical Services) pilot program and a fractional ownership model.
By using a combination of owners' capital, the cost barrier for purchasing helicopters and airplanes will be minimized.
HEMS: Project Sanjeevani will deploy a helicopter to the AIIMS Rishikesh to provide emergency medical services.
The aircraft will be stationed at the hospital with a 20-minute notice and serve a 150-kilometer radius.

What is the situation in India's civil aviation industry?

Helicopters serve a variety of purposes, including providing urban connectedness, disaster management during floods, rescue missions, and other emergency medical services.
In the last three years, India's civil aviation sector has become one of the fastest-growing in the nation. It can be broadly divided into three categories: scheduled air transport service, which includes both domestic and international airlines; non-scheduled air transport service, which includes charter operators and air taxi operators; and air cargo service, which includes the air delivery of mail and cargo.

Significance:

Within the next ten years, India, which is currently the world's seventh-largest civil aviation industry, is anticipated to overtake the United States as the third-largest civil aviation market.
According to the International Air Transport Association, (IATA) India is anticipated to surpass China and the United States as the third-largest air passenger market in the world during the next ten years, by 2030.
Airports in India estimate that domestic passenger traffic will reach 166.8 million in FY22, up 58.5% year over year, while international passenger traffic will reach 22.1 million, up 118% year over year.

Opportunity:

100% of foreign direct investment (FDI) is permitted under the automatic route for both greenfield and brownfield projects, as well as for maintenance, repair, and overhaul (MRO) services and ground handling services.
Growth Potential: The Indian civil aviation MRO market, currently valued at over USD 900 million, is projected to increase at a CAGR of roughly 14–15% to reach USD 4.33 billion by 2025.
By 2038, it is anticipated that the country's fleet of aircraft will have grown fourfold, to about 2500 aircraft.
Connecting New Airports: As part of the UDAN Scheme, the government plans to build 100 airports by 2024 and build top-notch civil aviation infrastructure to meet international standards.

Source: PIB

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