Monday, March 19, 2007

Cargo-only airports to take off from major cities

New Delhi: The civil aviation ministry is framing a policy for development of airports exclusively for cargo operations. The proposal is expected to give a much-needed boost to the air cargo segment, which has lagged behind even as the Indian aviation sector has witnessed double-digit growth.
Official sources told ET the development of such exclusive airports will attract substantial private investment in the cargo segment. The civil aviation ministry has started identifying the requirements of different sectors — ranging from those trading in perishable goods to consumer durables — to help formulate the policy, sources added.
While Nagpur is being developed as a cargo hub, the government now plans to build cargo airports at main locations or business centres. The move is significant since a host of private companies, including Reliance and the Tata group, have recently shown interest in starting dedicated air cargo services. The policy will also encourage foreign participation in the sector, sources added.
19/03/07 Sunny Verma/Economic Times
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