This week we have a honor to make an interview with the director of events of the air cargo India, which is a very famous exhibition platform in the world. He has shared with us their story.
JCtrans: Glad to have a chance to make an interview with you Mr. Priyo Patra, first would you please make a brief introduction of your events?
Mr. Priyo Patra: The Event is organized by The STAT Trade Times, popularly known as STAT TIMES (www.stattimes.com), an Integrated International Transport Media specializing in Air Cargo since 1986. We are a biennial event. And this year, we have held Air cargo India 2010, the 3rd in the series of air cargo India event, took place in Mumbai, the busiest metropolis, commercial capital and the air cargo hub of India from February 2 to 4, 2010.
JCtrans: As we know, air cargo India event is a very famous exhibition in cargo area, would you please talk about how could it be so successful?
Mr. Priyo Patra: This conference aims at fulfilling the increasing need felt in the Air Cargo industry both in India and abroad. As an exhibition platform, we deliberate on the prospects in the booming air cargo industry in this country. Air cargo India event gives opportunity to the delegates to interact with the key players of the industry from all over the world about the immense business possibilities in the emerging Indian air cargo market even for the global air cargo market. So all logistic people could benefit from our events, that is why we have a fame popularity in this area
JCtrans: Would you please talk about some opions on the air transportation condition in the world?
Mr. Priyo Patra: The Air Cargo business has overtaken the ocean freight & rail freight market by expanding at nearly 19% in the last 3 years, as against 10.3% growth registered by ocean freight and 9.2% by railways. According to forecasts, the cargo segment of the airline business will triple by 2025. But before industry players begin celebrating, they should consider that the boom in air freight will not deliver an automatic ¡°bump up¡± in growth across the board. In fact, according to research, 5.5 billion US dollars will move from the top line of air cargo carriers to their competitors over the next five years. Now is the time for air cargo players to achieve high performance or risk disappearing from the competitive landscape completely?
Overall, the growth rate of the aviation sector in the next 10 years is expected to be not less than 25 percent. India¡¯s air cargo movements would grow at over a CAGR of 11.5% from 2007-08 to 2011-12.
JCtrans: Would you please talk about the India market and Chinese Market?
Mr. Priyo Patra: India and China- the only sizeable economies likely to record growth rates of over 5% will prevent the world from recording negative growth in 2009.
Despite the economic crisis, Indians are most optimistic than their peers in developed nations like Japan, France, Germany and the United Kingdom.
Asian air cargo markets will lead the industry growth with China at the forefront Foreign Direct Investment (FDI) limit in cargo airlines having been raised by the Government from 49% to 74% is attracting major overseas players to expand their Indian networks and capacity, with Middle East Carriers like Emirates, Saudi Arabian Airlines, Qatar Airways, Etched & particularly prominent in the build up.
JCtrans: Air cargo India 2010 has been held succesfully. Would you please talk about the condition?
Mr. Priyo Patra: The theme of air cargo India 2010 is 'The Beginning of recovery'. India is one of the biggest market for the air cargo Industry. Air cargo India 2010 Exhibition was very successuful. I think this may be because we have set a platform for the players of the industry to come out of the crisis. So people from all over the world flocked to the event. The Conference also provided an opportunity to the delegates to listen to the views of the decision makers from all sectors of the air cargo industry on a variety of relevant topics in sessions based on the main theme of the conference.
JCtrans: Would you please talk about your prospect in following years?
Mr. Priyo Patra: To drive the development and growth of the air cargo industry and continue our median's effort to take you all to another emerging air cargo market.
This market is virgin and not a country but a cintinent. That is Africa.
We have selected our theme as "emerging air cargo market-india".
Now we make a platform for you in Africa.
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