India is ready to shape the new global economic order

Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu has stated that India is fully prepared to shape the new global economic order. According to a report from PIB Ahmedabad, addressing industry leaders, investors, and policymakers at the CII summit organised in Visakhapatnam, the Minister said that the world is currently seeking reliable partners, resilient supply chains, and long-term economic partnerships amidst rapid technological transformation and global restructuring.

The Minister emphasised that in the emerging world order, trade and technology alone are not enough; the world needs trust between nations, confidence between governments and industries, and leadership that can turn uncertainty into opportunity. He added that India is preparing not just to participate in this new order, but to help shape it.

Highlighting the economic progress made over the last 12 years under the leadership of Prime Minister Narendra Modi, the Minister noted that the economy is consistently growing at a rate of approximately 7.8 per cent and nearly 50 crore people have emerged from multidimensional poverty. He mentioned significant transformations such as providing vaccines to more than 100 countries during the Covid pandemic and the management of over 800 million transactions worth approximately ₹94,000 crore every day through UPI. The Minister identified this process as "Modynamics," which reflects the Viksit Bharat vision of transforming the lives of 140 crore Indians.

In the civil aviation sector, India will design and manufacture indigenous regional civil aircraft within the next two years. The Minister outlined the expansion of the UDAN scheme for the next 10 years, which aims to build 100 new airports with an expenditure of ₹30,000 crore. He noted that the number of airports was 74 in 2014, which has increased to 166. Additionally, this includes building 200 modern heliports, expanding the air cargo network, and developing regional aircraft under the Atmanirbhar Bharat vision.

Speaking on the development of Andhra Pradesh, the Minister mentioned natural advantages such as the state's long coastline, strategic ports, abundant resources, and young workforce. Praising Chief Minister N. Chandrababu Naidu's vision, he called him a "perpetual student." The Minister thanked the Andhra Pradesh government for establishing India's first drone city in Kurnool and assured full support to increase the number of airports in the state from 7 to 14.

Kinjarapu Ram Mohan Naidu is serving as the Union Civil Aviation Minister. He has focused on the implementation of various policies and schemes to increase India's aviation capacity and regional connectivity.