Union Tourism Minister Shri Subodh Kant Sahai has expressed the hope that given the strong market fundamentals the civil aviation market will register a compound annual growth rate (CAGR) of more than 16 per cent during 2010-2013.

Addressing an interactive session with private tour operators (Charter Operators) to develop tourism by improving air connectivity to small/lesser known destinations in the country in New Delhi today he said Government has embarked upon the policy of developing integrated perspective investment plans for key circuits / destinations in each of the States / UTs. These investment plans will identify components requiring investments through Government of India, State Governments, Public Private Partnership (PPP) and Private Sector. 

The Tourism Minister said the Indian aviation industry is one of the world’s fastest growing aviation industries. With the liberalization of the sector in the mid 1990s, the aviation industry witnessed many private players entering the market, which led to growth in the industry both in terms of players and number of aircrafts.He said the industry is witnessing continued growth on the back of strong demand from domestic passengers, growth in domestic tourism in the country, increasing number of low-fare airlines and rising outbound travel from India. 

Shri Sahai said Government’s initiatives such as opening new international routes, modernizing non-metro airports, developing new airports as well as renovating the existing ones have also helped in the growth of the industry. 

He said tourism is a multi – sectoral activity and there is a critical need for of activities of various stakeholders, both at the Central and the State Level. 

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