Emirates SkyCargo sees flat India volumes despite much growth potential
2012 03 20
- Details
EMIRATES SkyCargo, the cargo division of Dubai's Emirates airline, is forecasting a challenging 2012 for cargo traffic from India despite an increase in outbound cargo traffic, representing 11.7 per cent of throughput to 1.8 million tonnes.
Emirates cargo vice-president Pradeep Kumar said "growth is going to be flat or even less", but expects improvement in the second half of the year. India contributes up to 30 per cent of Emirates SkyCargo's perishable goods with 20 per cent accounted for by pharmaceutical products and 11 per cent by auto parts.
India's civil aviation minister Ajit Singh said at the sidelines of the India Aviation Show that he hopes the formulation of an Air Cargo Promotion Policy will bring in international investment through better practices.
Mr Singh is confident of continued strength, with the compound annual growth rate clocking up 10.9 per cent in the last five years.
Source Shipping Gazette - Daily Shipping News
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