New Delhi: The government’s plan to throw more airports up for public-private-private (PPP) mode of investment may not take off if immediate steps are not taken to revive the investment sentiment in the aviation infrastructure sector, mainly access to cheaper finance, ASSOCHAM said on Thursday.
In a communication to the Civil Aviation Ministry, the Finance Ministry, Planning Commission and the Reserve Bank of India, the chamber said while the country needs at least 200 functional and operational airports, so far 85 airports have been made ready for complete operations.
While six major airports in the metros and big cities, including Delhi, Hyderabad and Bangalore have been modernised in the PPP mode and modernisation of the Mumbai airport is expected to be completed by September, it is a long haul before India develops adequate aviation infrastructure.
11/04/13 India Blooms
