India releases first-ever air cargo policy

 In Industry Insider, Industry News

On Tuesday, India released its new air cargo policy – the first ever cargo-specific policy for the country – at the Global Aviation Summit in Mumbai.

“We are trying to make a policy for air cargo so that the aviation market can grow, which in turn, will boost the trade and economy of the country”, said civil aviation minister Suresh Prabhu.  The new policy aims to elevate India into the world’s top five air freight markets and develop hubs at all of the country’s major airports by 2025.

Domestic and international air cargo is expected to connect with the postal network through a common user platform to provide first and last mile connectivity.  Once established, this will connect villages to both urban domestic markets and international markets providing free flow of goods through air cargo.

India’s economy is the fastest growing in the world, according to the World Bank.