• Friday, August 19, 2022

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India to Spend £46.75 Billion to Build 100 Airports

An aircraft takes off from Indira Gandhi International Airport in New Delhi on September 1, 2018. – Bargain-basement fares, high oil prices and a tumbling rupee are causing turbulence in India’s hyper-competitive aviation market, virtually wiping out airlines’ profits and leaving them scrambling to cut costs to survive. India’s aviation sector is expected to become the world’s third-largest by 2025, with passenger numbers increasing six-fold over the past decade as a growing middle class take advantage of better connectivity and inexpensive flights. (Photo by CHANDAN KHANNA / AFP) (Photo credit should read CHANDAN KHANNA/AFP/Getty Images).

By: Radhakrishna N S

In an attempt to improve domestic and international air connectivity, India aims to build 100 airports at a planned cost of £46.75 billion in the next 10 to 15 years, said Indian Civil Aviation Minister Suresh Prabhu on Tuesday (04). India’s aviation sector is one of the fast growing around the globe. The new airports would be constructed through public private partnership, the minister added. The minister also noted that his government is working for a cargo policy. India’s air passenger market continue to post positive growth in the July 2018, according to the latest data released by the International…

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