Indi To Host FIATA RAP

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Vol. 24 No. 4		Thursday January 30, 2025

India To Host FIATA RAP

     India is set to host the 2025 FIATA Region Asia Pacific (RAP) event in Delhi from May 21 to May 24. Hosted by the Air Cargo Agents Association of India (ACAAI), this significant gathering will highlight India's growing economic significance on the global stage.
     The RAP meet comes at a crucial time. J.P. Morgan Research had, in August 2024, raised the probability of a U.S. and global recession starting before end-2024 to 35% and a 45% chance that it will do so by the end of 2025.
     According to a report by economic think tank Global Trade Research Initiative (GTRI), India’s overall exports of goods and services in 2024 is estimated to cross $814 billion, an increase of 5.58 per cent, In 2023, merchandise and services exports stood at $768.5 billion. In 2024, according to the report, merchandise exports will reach $ 441.5 billion: a modest 2.34 per cent increase over $ 431.4 billion in the previous year.
     It is in such a situation that India is emerging as a force that could bring transformation in the global economy. The nation is offering vast opportunities for collaboration in the region on a global scale and that is what ACAAI will present at the international meeting.
     According to C K Govil, ACAAI’s President, “Participants from the 20-odd associations that will be present for the RAP meet will get to see our nation’s advances in logistics and infrastructure. In addition, they will take part in forward-thinking discussions on the future of trade and supply chain management in the region.”
     The key topics that will be on the table for the participants to discuss will include Innovation and Digital Transformation in Logistics, Sustainability in Supply Chains and, Building Strategic Partnerships. The participants will be addressed about India’s technolgical advances that are reshaping the logisitics sector through automation, artificial intelligence and digital platforms. India has moved way ahead of many developed natons in its digitalization efforts that include blockchain. The meet will also witness how FIATA’s digital Bill of Lading (eFBL) is enhancing supply chain and efficiency.
     In addition, the meet will focus on sustainability and there will be discussions around greener technologies and eco-friendly practices. The participants will find ways to reduce carbon emissions.
     With India’s express delivery sector witnessing explosive growth and its pharmaceutical industry expected to soar, the air cargo market presents immense potential. Lastly, ACAAI will present the opportunities that are available for multinational companies to tap into the Asia-Pacific market.
     On show will be India’s aviation transformation that includes the establishment of 14 new airports. Significant efforts by the government are being made not only to promote domestic aviation but also manufacturing.
     ACAAI President Govil pointed out that the RAP meet was an opportunity to promote India’s air freight sector. There was a lot that aviation stakeholders around the world need to be aware of: Regulatory reforms, digitization, and infrastructural advancements. Coupled with the projection that the Indian air freight market is expected to grow to $17.22 billion by 2028, there are substantial reasons for growth.
TG

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