Strategic initiatives such as dedicated freight corridors, partnerships between carriers, and modernisation of airport infrastructure are expected to propel India toward an ambitious target of 10 million tonnes per annum by 2030.
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Skyways Air Services, a 40-year legacy Indian air cargo services company, is planning an initial public offering (IPO) of 4.62 crore shares with a face value of Rs 10 each.
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India’s air cargo industry is poised at a turning point, fueled by rapid economic growth, government initiatives like Make in India, and rising global demand for electronics, pharmaceuticals, and perishable exports.
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Over the next five years, Indian air cargo traffic is expected to grow from 3.7 million tonnes today to between 5 and 5.8 million tonnes by 2029 or about 6-9 percent per year.
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International air cargo to witness double digit growth in FY2025 as Red Sea crisis impacts seaborne cargo movement.
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