India is poised to emerge as one of the top five aviation markets in the next five years, Civil Aviation Minister Praful Patel said on Saturday.
"Within a short span, the Indian aviation industry changed drastically. We believe that in the next five years India would be among the top five aviation markets in the world," Patel said while inaugurating the new terminal 1C at the Chhatrapati Shivaji International Airport (CSIA) in Mumbai on Saturday.
On the occasion, the minister also called upon the state government to rethink its sales tax rate on Aviation Turbine Fuel (ATF).
The new domestic terminal will be thrown open to passengers on April 19 and will function as a link between the existing terminals, 1A and 1B.
"The opening of this terminal also marks a significant milestone for Mumbai International Airport Limited (MIAL), a joint venture company owned by the GVK-led consortium and Airports Authority of India, as we are poised to meet the demands of the growing tourists and business traffic in and out of Mumbai," MIAL's Chairman G V Krishna Reddy told reporters here.