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The global economic environment is changing rapidly, with increasing demands on airline and business executives to stay relevant, embrace new technologies, and manage stakeholder expectations.
The aviation industry in India is expected to grow at a compounded annual growth rate of over 25%. India needs 400 airports and 300 aircraft in the next decade. Aviation and Airport are in for exponential growth. India has announced ambitious airport development plans which will greatly enhance the country's capacity for commercial air travel.
The country's Civil Aviation Ministry announced it intends to build a host of new international airports on Greenfield sites, in addition to redeveloping existing smaller airports. Currently only 60 Indian airports can be classed as capable of handling commercial air passenger and cargo services. There are currently 24 major international passenger and cargo airports, and 36 regional airports.
Millions of passengers and thousands of tonnes of cargo pass through airlines and airports each year. All these passengers demand quality customer service, apart from smooth, timely operations. Managing a large number of passengers, employees and operations is what aviation management is all about. People in senior management positions take decisions affecting millions of dollars worth of investments around the world.
A career in aviation management offers opportunities to travel, meet new people and gain new experiences in all parts of the world. India's target is to more than double the number of major international and regional hubs within next 12 years.
Indian Retail sector (both organized and unorganized) is set to grow at a very rapid pace over the next few years and at present ranked 5th Globally.5% of India's GDP is contributed by Retail sector with a foreign investment inflow of $195 million between April 2000 to April 2010.According to BMI India retail report, total retail sales in India is expected to grow from $353 billion in 2010 to $543 billion by 2014.Retail sector's efficiency as a key growth driver crucially depends on the development of infrastructure. Supply chain networks should not only add capacity but also become multi-modal and efficiency-driven. India has yet to reach the International benchmark ratios of Cost of Logistics to Cost of Goods Sold.
M.B.A-Logistics & Shipping course is conducted with an industry-institute interface. Compulsory internship at the end of 2nd semester (2 months) and project work in 4th semester (4 months) will be arranged at Logistics & Shipping companies with which Vels University has MOU. Curriculum is developed by experts from the industry, who are the members of Board of Studies. Practical visits, twice every month is arranged. Logistics & Shipping subjects are taught by experienced faculty from the industry.
All this have brought the attention of major Logistics companies to India and places like Bangalore, Chennai, Cochin, Hyderabad and Mangalore in South India are becoming major logistics hubs. Growth of Logistics & Shipping industry is related to the following developments:-
1). Transshipment Terminal at Vallarpadam and LNG Terminal at Cochin.
2). Oil terminal at Ennore and developments at Chennai port
3). Developments at Tutocorin and minor ports in Tamil Nadu.
4). Developments at Vizag, Kakinada, Krishnapatnam in Andhrapradesh
5). Ports with private participation coming up at Gujarat and Andhrapradesh states.