Private sector participation in aerospace manufacturing in India will boost the prospects of fresh investments by domestic and overseas investors, said Union Civil Aviation Minister, Ashok Gajapathi Raju Pusapati at the inauguration of the Gujarat Aero Conclave here on Wednesday.

They will also help in creating more employment opportunities, he added.

“Gujarat Aero Conclave is a distinctive initiative to encourage private sector participation in aerospace manufacturing and promoting air connectivity and skill development in the country,” said the minister in his address.

$16-b sector

The minister also mentioned that India is set to become the third largest aviation market in the world by 2020 from its present 9th position, with a size of about $16 billion.

Adding further, he termed the Civil Aviation a key infrastructure sector that facilitates the growth of business, seamless flow of investment, trade and tourism, with significant multiplier effects across the economy.

The three-day Aero Conclave, jointly organised by the Ministry of Civil Aviation, Centre , Government of Gujarat and FICCI, will have discussion on topics like Indigenisation of Aviation Sector – Future role of India in manufacturing and maintenance, connecting the remote area to hubs for economic growth in Aviation Sector, and promoting Aviation Skills in youth for better employability.

The Conclave was inaugurated by Chief Minister Anandiben Patel. There will be air shows twice daily from April 1-4 as Ahmedabad residents will see the sky being filled with airplanes of different sizes and colour.

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