New Delhi: With government aiming at greater private participation in airport development, industry experts have sounded a word of caution with some pointing out that successful privatisation cannot be measured solely on how much money the government generates out of it.
They also pointed out that most global investors have "little or no experience" in developing or operating airports.
With global economic conditions remaining uncertain, governments across the world were more reluctant to spend cash on infrastructure development and hence sought more private participation, the experts said.
Their views came amid a growing focus by the government on developing non-metro airports through greater private sector involvement to promote regional connectivity in India.
17/03/13 PTI/Economic Times
