The Airports Authority of India (AAI) is planning to set up a company to handle cargo. AAI is betting on air cargo movement to grow exponentially, as India embarks on improving regional connectivity using smaller planes. It has engaged RITES, a state-run infrastructure consultant, to help with a business model for the new entity. Chairman of AAI R K Srivastava said: “The cargo business has not been attended to in the last 60-70 years. It has been ignored for too long.”
At AAI, we feel this throws up new opportunities. RITES will submit to us the proposal this month and we will decide upon the business model.” India’s draft civil aviation policy envisages regional connectivity, with smaller planes connecting various towns across the country.
It also estimates passenger traffic to double to 380 million in seven years. This might also lead to an increase in cargo movement in smaller towns. The government plans to upgrade the 400-odd unused airstrips built in the early 20th century, during World War-II, for regional connectivity.
06/11/15 Raghu Krishnan/Business Standard
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At AAI, we feel this throws up new opportunities. RITES will submit to us the proposal this month and we will decide upon the business model.” India’s draft civil aviation policy envisages regional connectivity, with smaller planes connecting various towns across the country.
It also estimates passenger traffic to double to 380 million in seven years. This might also lead to an increase in cargo movement in smaller towns. The government plans to upgrade the 400-odd unused airstrips built in the early 20th century, during World War-II, for regional connectivity.
06/11/15 Raghu Krishnan/Business Standard
