New Delhi: Infrastructure creation in form of modernisation of existing airports and development of low-cost airports to promote air connectivity, particularly to remote and regional areas, is expected to get a boost once the new government assumes office.
This may include awarding management contracts at six major airports to private sector players and development of 50 low-cost airports on a fast-track basis.
The Bharatiya Janata Party (BJP) in its Election Manifesto has already indicated that it would look at modernising "existing and operational airports, and build(ing) new ones especially connecting smaller towns and all tourism circuits."
The new government would encourage participation of the private sector in such projects to tap into resources as well as expertise. An institutional framework would be established for the same, while regulators would be given greater autonomy as well as accountability.
Amber Dubey, partner and head (aerospace and defense), KPMG India, "Air transport is a critical element of a nation's infrastructure, enabling global business and tourism. The new government is likely to accord high priority to this sector and is expected to make significant corrections in policies, procedures, infrastructure, taxation structure and skill development."
20/05/14 Sharmistha Mukherjee/Business Standard
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This may include awarding management contracts at six major airports to private sector players and development of 50 low-cost airports on a fast-track basis.
The Bharatiya Janata Party (BJP) in its Election Manifesto has already indicated that it would look at modernising "existing and operational airports, and build(ing) new ones especially connecting smaller towns and all tourism circuits."
The new government would encourage participation of the private sector in such projects to tap into resources as well as expertise. An institutional framework would be established for the same, while regulators would be given greater autonomy as well as accountability.
Amber Dubey, partner and head (aerospace and defense), KPMG India, "Air transport is a critical element of a nation's infrastructure, enabling global business and tourism. The new government is likely to accord high priority to this sector and is expected to make significant corrections in policies, procedures, infrastructure, taxation structure and skill development."
20/05/14 Sharmistha Mukherjee/Business Standard
