Page 84 - IACC Newsletter August-September 2013 Issue 13

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Moreover, it is estimated that commercial fleet size is expected to reach 1,000 aircraft worth $45 billion from 400 today by
2020. .
Besides, India has envisaged investment of $12.1 billion in the airports sector during the 12th Plan period, of which $9.3
billion is expected to come from the private sector for construction of new airports, expansion and modernization of
existing airports and development of low cost airports, Singh said.
He said the GPS Aided Navigation System 'GAGAN' developed by Airports Authority of India with the support of Indian
Space Research Organization is another significant step which would bring India on the threshold of redefining navigation
in the region from land based to satellite based system.
"India is the fourth country in the world after USA, Japan and Europe to have such navigation system which will facilitate
aircraft landing in tough weather and terrain. This will also help in reducing flying time and fuel consumption by providing
straight navigation and thus reducing carbon emission," he said.
"We have also allowed Flexi Use of Airspace by civil and military users, which permits them to efficiently and effectively
utilize the available airspace on sharing basis. It is expected that there will be a reduction of carbon emissions by about 7
million kg per annum by direct routing between 7 major city pairs only because of flexible usage of airspace," the minister
said.
Indian Ambassador to the US Nirupama Rao said - the trade and economic partnership remains a central pillar of
expanding bilateral ties. The annual two-way trade in goods and services is more than $100 billion, while the total two-
way foreign direct investment is nearing $30 billion.
"India is now the third-fastest-growing source of foreign direct investment in the US, and the US is among the top five of
India's preferred FDI destinations. The growing flow of capital from India has created thousands of jobs in the US along
with business partnerships and technology tie-ups.
People centric linkages are changing the landscape of our relationship," Rao said.
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India key to US success in 21st century: former diplomat
India is a linchpin in America's success in the 21st century and could be a key contributor toward steadying the potentially
destabilizing global flashpoints, a former top American diplomat to the country has said.
Tim Roemer, the former US Ambassador to India, said that is the reason India needs to be the center of the Obama
Administration's pivot to Asia. "India's success is not simply necessary for the region; it's a linchpin in America's success in
the 21st century," Roemer wrote on the website of the prestigious Foreign Policy magazine.
His comments came amidst increasing confrontation between the US and China on the latter's unilateral move to create
an air defence identification zone in the East China Sea. "World attention today is keenly focused on nuclear proliferation
in Iran, the future force presence in Afghanistan, and percolating problems between China and Japan involving islands in
the East China Sea," Roemer said.
"And while officials in Washington deliberate how US influence can affect these potentially destabilizing flashpoints,
they're overlooking a country that could be a key contributor toward steadying the ship: India," he wrote. "While India is
not part of the problem on these issues, it potentially can offer solutions on global nonproliferation, stability in
Afghanistan, and adding a balanced voice in the region to China's territorial aspirations," he said.