The domestic air cargo is in growth mode, especially after COVID, when the delivery of vaccines was crucial and time-sensitive. E-commerce sure has helped get those volumes up. The capacity addition of carriers has also added impetus to our growth.
Due to booming e-commerce demand, the domestic air cargo industry in India now has scope for more freighter investors. The addition of freighters is going to assist in addressing the boom in volumes due to e-commerce. We anticipate that e-commerce volumes will continue to rise.
The government has set an ambitious target of ten million tonnes for the Indian air cargo industry and has certainly been proactive in assisting our industry to meet it. Schemes such as UDAAN and others have additional incentives. Government assistance is undoubtedly required to provide adequate infrastructure at airports to aid in the better processing and movement of air cargo, particularly domestic air cargo, which is extremely time-sensitive. Airport procedures must be simplified.
The key to faster cargo processing is digitization. We need paperless and digital processes to increase the speed of cargo movement. It will allow for better coordination among all stakeholders, including trade, airline terminal operators, and agents.
Due to booming e-commerce demand, the domestic air cargo industry in India now has scope for more freighter investors