He is among a handful of Cabinet Ministers to have been publicly praised by Prime Minister Narendra Modi for their achievements. As a minister handling the important portfolios of civil aviation and steel, 52-year-old Jyotiraditya Scindia has a clear mandate: to tap into the enormous potential of the two sectors to drive their growth. In an exclusive interview with Business Today’s Manish Pant, Scindia explains why there has been a surfeit of aviation orders from India, the government’s ambitious plans to turn the world’s fastest-growing aviation market into a global hub and make the sector carbon-neutral, and the extension of PLI 2.0 to the steel sector. Edited excerpts:
Q: Are you satisfied with the way India’s aviation sector has recovered after the Covid-19 pandemic?
A: The civil aviation sector in India is on a resurgent high. Where two years ago we had all our planes on the ground and not a single passenger, today we have all our planes in the air, and there is a sustained increase in [passenger] demand. We experienced a pre-Covid-19 high of roughly 420,000 passengers per day in October of 2019. Surprisingly, post the October-January high season, we are experiencing new highs with close to 455,000 passengers [per day] in February. And the important thing is that it’s not a blip. On a sustained basis, the average numbers have been between 390,000-440,000 every day.
This story is from the May 14, 2023 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 14, 2023 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
"Focus on the challenge of each customer"
SHASHANK KUMAR MD & CO-FOUNDER I RAZORPAY Razorpay is India's first full-stack financial solutions company
PEDAL ON THE FUTURE
THE MG WINDSOR EV, WITH ITS FUTURISTIC AND MINIMALIST DESIGN, COMBINES THE BEST OF BOTH WORLDS-COMFORT AND TECHNOLOGY
BREATHE EASY
Whether you're battling allergies, looking to remove pollutants, or simply want to breathe easier, the right air purifier can make a difference
The Taste of India in a Glass
FROM ROYAL LIQUEURS TO DISTILLED MAHUA, INDIAN HERITAGE ALCOHOLIC BEVERAGES ARE HAVING THEIR DAY IN THE SUN
LOOK BEFORE YOU LEAP
IN 2025, INVESTORS WILL NEED TO FACTOR IN VOLATILITY ACROSS ASSET CLASSES
MISSING ADVISORS
INDIA HAS JUST ONE INVESTMENT ADVISOR FOR NEARLY EVERY 200,000 INVESTORS. AT A TIME WHEN RETAIL PARTICIPATION IN THE STOCK MARKETS IS BOOMING, THIS ASSUMES SIGNIFICANCE
TURNING A CORNER
SHARED ELECTRIC MOBILITY START-UP YULU'S SHIFT TO SERVICING THE QUICK COMMERCE SECTOR IS HELPING IT GROW FAST. IT IS NOW FOCUSSING ON IMPROVING ROAD SAFETY FEATURES AS IT TURNS EBITDA POSITIVE
REALITY CHECK
INDIAN STOCK MARKETS PLUNGED BEGINNING OCTOBER FOR A HOST OF REASONS, INCLUDING A FALL IN FII OWNERSHIP. HOW DEEP WILL THE CORRECTION BE?
TRUMP'S TRADE TANGO
The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge?
"The essence of the Trump administration will be transactional”
Global investor, analyst, and best-selling author Ruchir Sharma decodes why Donald Trump won the elections, what India should do, the risks, and more