SUSTAINABLE AVIATION
Budget 2025: From startups to aviation and retail to realty, jobs could be made in millions
Finance minister Nirmala Sitharaman's budget proposals aim to spur job creation across sectors like manufacturing, tourism, agriculture, and MSMEs. Key initiatives include the National Manufacturing Mission, which is projected to generate 2-3 million new jobs, and a focus on boosting skill development and employment-led growth.
Here are the sectors that stand to gain from Budget 2025
Budget 2025: Finance Minister Nirmala Sitharaman's Budget 2025 introduces significant tax benefits for the middle class while also supporting various sectors. Key proposals include boosting the footwear, leather, clean tech, and toy industries, enhancing rural water access, and developing nuclear energy, shipbuilding, aviation, public housing, tourism, insurance, textiles, electronic goods, and telecom.
Union Budget 2025: Modified UDAN scheme to have 120 new destinations
Budget 2025: Finance Minister Nirmala Sitharaman announced the launch of a modified UDAN scheme to enhance regional connectivity, including 220 new destinations and support for smaller airports in hilly, aspirational, and Northeast districts. The budget for the Ministry of Civil Aviation was reduced, while the PLI scheme for drones saw an increased allocation.
Budget 2025: From railways, aviation to defence, here are key announcements
Union Minister Nirmala Sitharaman will present the Budget 2025, focusing on income tax adjustments, infrastructure boosts, and rural development. The budget aims to stimulate economic growth, despite weak urban demand and inflation risks. Key sectors like Railways, Aviation, Agriculture, Telecom, Defence, and Healthcare are expecting significant policy measures.
How Budget 2025 can prove to be Indian aviation's lucky charm for growth
India's aviation industry stands at a significant juncture with government initiatives aiming to transform it into a global leader. Focus is on infrastructure development, rationalising ATF taxes, and enhancing policies to boost connectivity and tourism. Key strategies include public-private partnerships, improving MRO capabilities, and prioritising skill development to ensure sustainable growth.
What Budget 2025 can do to smoothen the runway for India's aviation sector
In 2024, the Indian aviation sector witnessed remarkable growth and reforms, with increased domestic passenger traffic, policy overhauls, and significant mergers. Legislative changes, expanded airport infrastructure plans, and ongoing initiatives promise further developments, while challenges like fuel costs and pilot shortages require focused attention for sustainable progress.
- Go To Page 1
Europe torn between bigger airports and climate goals
It would be a rare expansion in Europe, where countries are torn between efforts to reduce greenhouse gas emissions and the needs of a strategic sector that has seen demand grow.
ET@Davos 2025: E-air taxi company Archer says India one of most attractive markets
¡°We've been working with regulators in the US for a long time, and they have set up the framework for certifying the aircraft, as well as certifying the operations... Once we complete the certification process in the US, we'll have the ability to expand globally, and we believe India will be one of the most attractive markets for Archer to be in,¡± Adam Goldstein, founder and chief executive of Archer Aviation, told ET.
India at forefront of age defined by tech evolution: World Economic Forum report
India is recognized for its rapid economic growth and digital innovation, with significant contributions from the Centre for the Fourth Industrial Revolution (C4IR) India. The centre has launched impactful initiatives in AI, healthcare, and agriculture, aiming to benefit 10 million citizens through upcoming projects in AI, space tech, and climate tech.
Will Budget 2025 green-light India¡¯s climate finance taxonomy?
Finance Minister Nirmala Sitharaman's Budget 2025 announcement to establish a climate taxonomy aims to guide investments towards sustainable growth. The taxonomy will classify economic activities in alignment with India's climate goals, supporting climate finance and mitigating greenwashing. This step aligns with India's international commitments, enhancing transparency and investor confidence while fostering green infrastructure development.
At aviation meeting, ESG takes backseat to jet shortages
The industry's goal of net zero carbon emissions by 2050 faced skepticism amid slow progress in sustainable aviation fuel adoption, regulatory pressure, and potential green policy rollbacks under a Trump presidency.
Projected air travel growth runs counter to climate goals, study says
Measures such as limiting airport expansion, reducing corporate travel, and higher taxation are suggested to control this growth. Sustainable aviation fuel remains scarce and expensive.
India to showcase AI, tech, and renewable energy at WEF 2025 in Davos
India will showcase its advancements in artificial intelligence, renewable energy, and frontier technologies at the World Economic Forum in Davos. The delegation, led by key ministers, aims to boost foreign investment and highlight economic opportunities and industrial progress across various states.
India to join key session on AI, FDI at WEF 2025 for promoting investment
India will join a session on AI and FDI at the World Economic Forum in Davos from January 20-24, 2025. The session is co-organised by Invest India and WAIPA. The Indian delegation will include several ministers. India has recently surpassed $1 trillion in FDI inflows, showing strong global investment appeal.
Mangaluru Airport sees robust growth, bags prestigious awards in 2024
Mangaluru International Airport showed significant growth in 2024, including a passenger traffic record, infrastructure upgrades, and improved connectivity. The airport won awards for innovation, growth, and safety. Efforts in sustainability, passenger convenience, and safety underscored its progress towards becoming India's safest tabletop airport.
India has potential to be key sustainable aviation fuel producer, says IATA official
India holds significant potential to become a major sustainable aviation fuel (SAF) producer, leveraging its ethanol resources and lipid feedstocks. IATA highlights India's existing ethanol production and the potential of agricultural waste for SAF. While global SAF production is increasing, it remains below projections, emphasizing the need for greater investment and development in SAF technologies.
India has potential to be key sustainable aviation fuel producer, says IATA official
India could become a major sustainable aviation fuel producer. The country has ample ethanol and other resources. This will help lower emissions from air travel. The International Air Transport Association sees India as a potential SAF hub. India's SAF could even supply the global market. The aviation industry needs more sustainable fuel production.
BluJ Aero & Blade India sign up to boost regional air mobility
BluJ Aero and Blade India will bring 60 vertical takeoff and landing aircraft to India. The deal includes cargo and passenger aircraft. These hydrogen-powered aircraft will improve logistics and regional travel. They will serve areas with limited airport access. The partnership aims to create jobs and boost India's aviation sector. This collaboration supports sustainable aviation solutions.
Indian tourism sector to double in 10 years, says WTTC chief
India's tourism sector is poised for remarkable growth, projected to double to $523 billion within a decade, creating 18 million new jobs. WTTC CEO Julia Simpson highlighted India's allure and hospitality, emphasizing the sector's significant economic contribution. While acknowledging India's tourism-related carbon footprint, Simpson stressed its improving efficiency and urged government support for sustainable aviation fuel.
Avaada Group commits Rs 1 lakh crore investment in Rajasthan
Avaada Group plans to invest Rs 1 lakh crore to establish Rajasthan as the world's largest renewable energy hub, according to Chairman Vineet Mittal at The Rising Rajasthan 2024 Summit. This investment aims to boost green manufacturing and generate millions of jobs, enhancing lives across the state. The group specializes in solar modules, renewable energy, and green fuels.
Biden administration will not finalize clean fuel tax credit guidance
The Biden administration will not finalize guidelines on clean fuel tax credits for airlines and biofuel industries before January, casting doubt on sustainable aviation fuel production goals. Legislative backers seek to extend existing tax credits amid political disputes and unfinished policy details, affecting climate targets.
Aviation now needs a Tesla moment, like cars in the 2000s ¡ª decarbonising demands disruptive new tech: Robert Miller
Robert Miller, Director of the Whittle Laboratory, highlights the need for disruptive technologies like cryogenic hydrogen fuel and hybrid electric flight to achieve net-zero aviation by 2050. He emphasizes four Sustainable Aviation Goals: mitigating contrail-induced cloud formation, enhancing system efficiency, scaling up sustainable aviation fuels, and investing in experimental technologies like hydrogen-powered aircraft.
TCS inks multi-year deal to make Air France-KLM leading data-driven airline
This move of exiting data centres and harnessing the strength of the cloud by Air France-KLM, will support a sustainable and adaptive aviation industry. This modernisation of the airline group's data by its 30-year partner TCS will have benefits such as enhancing operations, improving functionality and gaining efficiency.
Blended aviation turbine fuel gets new category, to be taxed at 2% for regional connectivity
The Centre has categorized blended aviation turbine fuel under mineral items, introducing excise duties, and is considering voluntary use by 2024 and mandatory by 2027. The aviation industry is concerned about increased fuel costs and potential need for incentives, with ongoing consultations among various ministries.
India's Sustainable Aviation Fuel potential 8-10 Million tonnes by 2040: Deloitte
India could produce 8-10 million tonnes of Sustainable Aviation Fuel (SAF) by 2040, requiring $70-85 billion in investments, according to a Deloitte India report. SAF aims to propel aviation sector decarbonisation, with the potential to reduce carbon emissions by 20-25 million tonnes annually. These initiatives are expected to create 1.1-1.4 million jobs and lower crude oil import bills by $5-7 billion yearly.
India's domestic air passenger traffic to touch 300 mn by 2030: Naidu
India's domestic air passenger traffic is expected to reach 300 million by 2030. Around USD 11 billion is being invested in airport development. The Civil Aviation Minister highlighted the potential for partnership with France in developing a Sustainable Aviation Fuel supply chain. India's aviation market is rapidly growing with plans to develop 200 more airports in 20-25 years.
France, India to set up aeronautics cluster; campus for aeronautics, space training
France and India are collaborating to establish an aeronautics cluster and an Indo-French campus for professional training in aeronautics and space. This initiative aims to boost their long-term strategic partnership, particularly in defence and aerospace, and includes efforts to develop a sustainable aviation fuel supply chain.
India, US for giving push to sustainable aviation fuel, hydrogen in buses
India and the US have agreed to boost sustainable aviation fuel, promote electrification of medium and heavy-duty vehicles, and use hydrogen in buses and tractors. The agreement was made during the Strategic Clean Energy Partnership dialogue, highlighting investments in clean energy markets and modernising power distribution for reliable energy access.
UDAAN scheme to continue for 10 more years: Civil Aviation Minister Ram Mohan Naidu
Civil Aviation Minister Ram Mohan Naidu announced the extension of the UDAN scheme for ten more years, aiming to enhance regional air connectivity. The scheme has already benefitted over 1.4 crore passengers and operated 2.8 lakh flights. The government plans to develop 350-400 airports in the next 20-25 years, making air travel more accessible and affordable.
Load More
