The aviation sector in India had been an over regulated and under managed sector has transformed into a more open, liberal and investment-friendly sector since 2004. Entry of low-cost carriers, higher household incomes, strong economic growth, increasing FDI inflows, surging tourist inflow, rise in cargo movement, sustained business growth and supporting government policies are the major drivers for the growth of aviation sector in India.
Recognizing the exponential growth of air traffic in India, the AP State government has unveiled its Civil Aviation Policy-2015 which seeks to set up a Rs 100 crore corpus for development with an objective of creating a world-class aviation infrastructure in the State that would help provide reliable and seamless air connectivity to regional, national and international destinations by 2020, with a slew of incentives to private sector, to make AP a preferred destination for investment in aviation and allied businesses by creating airports as hubs of economic activity.
With the onset of domestic and international airlines with an average operating ratio of 35 flights a day connecting Bengaluru, Hyderabad, Chennai, Delhi, Mumbai, Port Blair, Tirupati, Bhubaneswar, Kolkata, Vijayawada and international destinations such as Kuala Lumpur, Singapore and dubai, passenger footfalls in Andhra Pradesh gradually picked up for the fiscal year 2014-15 nearly to 1.68 million, and the expected growth for 2015-16 is likely to be 1.75 million, a 5% year-on-year growth.
24/06/15 The Hans India
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Recognizing the exponential growth of air traffic in India, the AP State government has unveiled its Civil Aviation Policy-2015 which seeks to set up a Rs 100 crore corpus for development with an objective of creating a world-class aviation infrastructure in the State that would help provide reliable and seamless air connectivity to regional, national and international destinations by 2020, with a slew of incentives to private sector, to make AP a preferred destination for investment in aviation and allied businesses by creating airports as hubs of economic activity.
With the onset of domestic and international airlines with an average operating ratio of 35 flights a day connecting Bengaluru, Hyderabad, Chennai, Delhi, Mumbai, Port Blair, Tirupati, Bhubaneswar, Kolkata, Vijayawada and international destinations such as Kuala Lumpur, Singapore and dubai, passenger footfalls in Andhra Pradesh gradually picked up for the fiscal year 2014-15 nearly to 1.68 million, and the expected growth for 2015-16 is likely to be 1.75 million, a 5% year-on-year growth.
24/06/15 The Hans India
