The Indian airport sector is expected to attract investments of USD 12.1 billion during the 12th plan period, including USD 9.3 billion from the private sector, Union Civil Aviation Minister Ajit Singh said today. Singh inaugurated the fourth edition of India Aviation show here, which witnessed one of the biggest aircraft deals being signed between budget carrier SpiceJet and Boeing. "The government has envisaged an investment of USD 12.1 billion in the airport sector during the 12th plan period (2012-17), of which USD 9.3 billion is expected to come from the private sector for construction of new airports, expansion and modernisation of existing airports and development of low cost airports," Singh said.
Stating that the rapidly expanding air transport network and opening of the airport infrastructure to private sector participation has fuelled the growth of air traffic in India, Singh said, "However, Indian air traffic density is low as compared to other countries."
India is currently the 9th largest aviation market, handling 121 million domestic and 41 million international passengers with more than 85 international airlines operating to India and 5 domestic carriers connecting over 40 countries.
12/03/14 moneycontrol.com
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Stating that the rapidly expanding air transport network and opening of the airport infrastructure to private sector participation has fuelled the growth of air traffic in India, Singh said, "However, Indian air traffic density is low as compared to other countries."
India is currently the 9th largest aviation market, handling 121 million domestic and 41 million international passengers with more than 85 international airlines operating to India and 5 domestic carriers connecting over 40 countries.
12/03/14 moneycontrol.com
