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**ACFI Newsletter Issue No.32 Published on Sep 14, 2018.

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Why ACFI?

India is poised as one of the fast growing economies of the world and by 2030 Indian Economy is forecast to be the fourth largest in the world creating exceptional potential for growth in the aviation sector. The aviation industry already contributes 0.5% of the national GDP. The Air Cargo Logistic Trade is an important segment/player in the aviation industry and plays a very significant role in its economic growth and progress. 30% of the total international trade in terms of value moves by air. However this industry is undergoing lots of challenges. Therefore there is a need to give proper focus towards the valuable contributions of the air cargo industry as it faces lots of challenges on its way at every step of its chain of operation.

Various streams of air cargo logistic industry have their own trade bodies/associations to look after the interests of their respective members, like BAR-India for airlines, ACAAI for IATA approved agencies, FFFAI for Freight Forwarders/ CHAs, APAO for private airports etc. The absence of a single/ common platform of entire air cargo logistic trade for unitedly raising its voice against major challenges and bottlenecks is one of the reasons of its voice being neglected by the policy makers and the regulatory authorities.

Hence a need arose for a national, non-profit air cargo trade association, to deal with such challenges, advocate common issues of interest with the policy makers & regulatory authorities like;

·         Customs (CBEC),

·         Ministry of Finance,

·         Ministry of Civil Aviation,

·         Ministry of Commerce,

·         SCOPE AIR,

·         DGCA,

·         BCAS etc.,

 

And develop the air cargo industry to a new height that serves all major segments of the air cargo industry.