Air Sports can be a INR 10,000 Cr market: Scindia

The air sports market has a potential to grow multi-fold to around INR 10,000 crore and generate one lakh direct jobs, aviation minister Jyotiraditya Scindia said . The aviation ministry has proposed a four-tier governance structure to develop the market. “From a small market size of around 5,000 odd air sports practitioners creating around INR 80-100 crore of annual revenue in India, I feel we can target over INR 8,000-Rs 10,000 crore annual revenue and generate over 1,00,000 direct jobs. The economic multiplier benefits in terms of travel, tourism, support services and local infrastructure development will be over three times,” said Scindia while launching National Air Sport Policy 2022. (Source Asian Age)