logo
PM says India emerging as leading force in global space-aviation convergence

PM says India emerging as leading force in global space-aviation convergence

Prime Minister Narendra Modi on Monday addressed the International Air Transport Association's (IATA) 81st Annual General Meeting (AGM) and the plenary session of the World Air Transport Summit (WATS) in New Delhi. He highlighted India's emergence as a global leader in aviation and space convergence. PM noted that India is emerging as a leading force in the global space-aviation convergence. He described India as the world's third-largest domestic aviation market, with 240 million passengers annually, surpassing the population of most countries. By 2030, this figure is projected to reach 500 million, with air cargo expected to grow from 3.5 million metric tons to 10 million metric tons by the decade's end.
PM Modi underscored the success of the UDAN scheme, which has enabled over 15 million passengers, many first-time flyers, to access affordable air travel, calling it a "golden chapter" in Indian aviation history. He highlighted the expansion of operational airports from 74 in 2014 to 162 today, with an annual passenger handling capacity of 500 million. Indian carriers have ordered over 2,000 new aircraft, signaling robust growth, while the Maintenance, Repair, and Overhaul (MRO) sector has grown from 96 facilities in 2014 to 154, bolstered by 100% FDI, GST reductions, and tax rationalization.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Smart machines, smarter moves
Smart machines, smarter moves

Time of India

time26 minutes ago

  • Time of India

Smart machines, smarter moves

As the automotive industry accelerates toward a software-defined and AI-powered future, a wave of innovation is transforming the very DNA of vehicles. From electric mobility to autonomous systems and generative AI in code development, the boundaries between technology and transportation are dissolving. This week's Auto Tech newsletter captures some of the most critical developments shaping the mobility landscape — in India and globally. Tata Motors redefines the car through software-first engineering Tata Motors is placing software at the centre of vehicle design and development, transitioning toward a platform-based approach that enables modular upgrades and embedded digital services. From infotainment to vehicle dynamics, software-defined architecture is enabling smarter, more adaptive products for Indian consumers. Watch the full story Tesla to roll out Grok AI assistant in vehicles next week Tesla will soon integrate Grok, developed by xAI, into its vehicle fleet. Unlike traditional voice assistants, Grok is designed for real-time reasoning and contextual awareness, representing a major leap in the in-car AI experience. This development reflects Tesla's broader strategy to make cars more interactive, intelligent, and personalised. Read more Bosch unveils affordable ADAS tailored for India Bosch has launched a cost-efficient Advanced Driver Assistance System (ADAS) that uses a single-camera architecture, developed locally for Indian road conditions. The solution brings critical safety features—such as collision warnings and lane-keeping assistance—to a broader consumer base, supporting mass adoption in the value segment. Explore the innovation Scrapped EV batteries may power India's lithium supply chain Amid India's rising lithium demand and import dependency, a potential domestic solution is emerging: recycling end-of-life EV batteries. By recovering valuable materials, India could partially meet its lithium requirements and reduce environmental risks, while strengthening its battery supply chain. Full report Tesla prepares to launch Robotaxi services in San Francisco Tesla is set to debut its autonomous Robotaxi fleet in San Francisco this weekend. The rollout marks a pivotal moment for self-driving technology, with implications for urban mobility models, regulatory frameworks, and the long-term economics of transport-as-a-service. Details here Tesla signs $16.5 billion chip supply agreement with Samsung In one of its largest procurement deals to date, Tesla has entered into a multi-year semiconductor supply contract with Samsung Electronics. This agreement secures chip inventory critical for Tesla's AI platforms, autonomous driving systems, and computing infrastructure across its global fleet. Read more Garuda Aerospace secures export clearance for drones Indian drone maker Garuda Aerospace has received official approval to export drones to key global markets, including the United States, Australia, and the Middle East. This development reflects India's growing capabilities in unmanned aerial systems and supports Make in India-led global expansion. Know more Digitalisation reshapes India's electric mobility sector As EV adoption scales up, the ecosystem is becoming increasingly digitised. From predictive maintenance and smart charging to real-time analytics, software-driven intelligence is helping optimise fleet operations, reduce costs, and enhance the end-user experience. Watch here Tata Elxsi and KAVIA AI collaborate to integrate GenAI into automotive software Tata Elxsi has partnered with KAVIA AI to bring generative AI into the automotive software lifecycle. The initiative aims to cut development timelines and improve software reliability, covering everything from code generation to interface design and diagnostics. Full story The Big Picture Vehicles are no longer just machines — they are intelligent, software-powered ecosystems. India's automotive tech capabilities are deepening, from affordable ADAS to global drone exports. Generative AI and autonomous technologies are moving out of labs and into vehicles. Supply chains and sustainability are taking centre stage, from chip sourcing to battery reuse. For insights into the fast-evolving automotive tech space, follow ETAuto for weekly analysis, trends, and deep dives. We'd love to hear what you think about this edition of the newsletter! Your feedback and suggestions help us improve and deliver content that matters to you.>

India's smartphone market dials 8% volume growth in Q2 2025: Report
India's smartphone market dials 8% volume growth in Q2 2025: Report

Time of India

time26 minutes ago

  • Time of India

India's smartphone market dials 8% volume growth in Q2 2025: Report

India's smartphone market rebounded strongly in Q2 2025, experiencing an 8% YoY volume increase and an 18% YoY value growth, driven by new launches and aggressive marketing. Vivo led in volume, while Samsung and Apple were neck-and-neck in value. Improved economic conditions and consumer sentiment fueled growth, particularly in the ultra-premium segment. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Indian smartphone market saw an eight per cent year-on-year rise in volume and 18 per cent growth in wholesale value in Q2 2025, scripting a solid rebound after a muted Q1, according to iPhone 16 was the most-shipped device in Q2 2025."India's smartphone market grew 8 per cent YoY in volume and 18 per cent YoY in value in Q2 2025, marking a solid rebound following a muted Q1," Counterpoint's Monthly India Smartphone Tracker the recovery was driven by a 33 per cent YoY jump in new launches, aggressive marketing, and strong summer sales, with brands offering steeper discounts, easy EMIs (equated monthly instalments), and bundled offers, especially in the mid and premium segments, it topped the charts in volume, while Samsung and Apple led in value Senior Research Analyst Prachir Singh noted that India's smartphone market recovery in Q2 2025 was further supported by an improved macroeconomic environment that boosted consumer confidence and inflation dropped to a six-year low, easing pressure on household budgets, while the central bank's repo rate cuts made financing more tax relief measures introduced earlier in the year increased disposable income and savings, creating a favourable setup for discretionary purchases, Singh pointed out."The improving sentiment contributed to the ultra-premium (more than Rs 45,000) segment's strong 37 per cent YoY growth, making it the fastest-growing price tier," Singh ultra-premium segment helped the Indian smartphone market record its best-ever Q2 in value terms and highest-ever average selling price (ASP).Seen in volume terms, vivo captured a 20 per cent share, Samsung was at 16 per cent, Oppo (13 per cent), realme (10 per cent), and Xiaomi (8 per cent), as per the global technology market research wholesale value terms, Samsung and Apple raced neck-to-neck at 23 per cent each, vivo at 15 per cent, Oppo (10 per cent), realme (6 per cent), and OnePlus (4 per cent).

Apple will close 56 retail stores in China for the first time, now planning to open new stores in India and...
Apple will close 56 retail stores in China for the first time, now planning to open new stores in India and...

India.com

time26 minutes ago

  • India.com

Apple will close 56 retail stores in China for the first time, now planning to open new stores in India and...

Apple will close 56 retail stores in China for the first time, now planning to open new stores in India and... In a drastic move, Apple is planning to shut its store at Parkland Mall in Dalian on August 9. This becomes first-ever physical store closure in mainland China since it entered the market nearly two decades ago. The company cited 'operational changes' at the mall—recently rebranded as Intime City under new management—as the reason for the move, according to a report in South China Morning Post. Apple also noted that other retailers had exited the complex, suggesting a broader shift in local retail dynamics. But, in what could be a good news for Apple lovers in India, Apple is planning to open four new retail stores in India as part of its phase two retail expansion. These new stores will be located in Pune, Noida, Bengaluru, and Delhi-NCR. Apple currently operates two stores in India, one in Mumbai and another in Delhi. The expansion is expected to further strengthen Apple's presence and reach in the Indian market. Where will this stores be in India? In Pune one of the new stores will be located in Kopa Mall. DLF Mall of India in Noida may also have a new Apple store. In Bengaluru, the store is rumoured to be in Phoenix Mall of Asia. The location will be in the Delhi-NCR region hasn't been confirmed yet. In Mumbai, Apple is also reportedly looking for a location for a new store in Mumbai, possibly in Navi Mumbai.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store