New Delhi: The aviation industry has welcomed the proposal in the Union Budget to enhance airport capacity by five times but has demanded swift execution to meet the infrastructure shortfall.
Finance Minister Arun Jaitley in his budget presentation said that the government proposes to expand airport capacity by more than five times to handle a billion passengers a year, adding that the balance sheet of Airport Authority of India will be leveraged to raise more resources for funding expansion works.
"We welcome the focus on airport infrastructure capacity announced in the Budget. In our 20-year passenger forecasts, IATA anticipates India will become the third largest aviation market by 2024.
"But this is by no means guaranteed. To make this a reality, airport capacity in India needs to be augmented and expanded quickly," said Amitabh Khosla, Country Director - India, International Air Transport Association (IATA).
IATA also underlined that Mumbai was lagging in economic development because of capacity constraints at the city's Chhatrapati Shivaji International airport
"Navi Mumbai airport is still a distant dream. In the meantime, Mumbai continues to fall behind in aviation activity, and Maharashtra state is unable to maximize the economic potential that can be delivered by aviation. We urge the government to urgently look at innovative approaches to bridge the infrastructure shortfall," Khosla added.
01/02/18 PTI/Business World
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Finance Minister Arun Jaitley in his budget presentation said that the government proposes to expand airport capacity by more than five times to handle a billion passengers a year, adding that the balance sheet of Airport Authority of India will be leveraged to raise more resources for funding expansion works.
"We welcome the focus on airport infrastructure capacity announced in the Budget. In our 20-year passenger forecasts, IATA anticipates India will become the third largest aviation market by 2024.
"But this is by no means guaranteed. To make this a reality, airport capacity in India needs to be augmented and expanded quickly," said Amitabh Khosla, Country Director - India, International Air Transport Association (IATA).
IATA also underlined that Mumbai was lagging in economic development because of capacity constraints at the city's Chhatrapati Shivaji International airport
"Navi Mumbai airport is still a distant dream. In the meantime, Mumbai continues to fall behind in aviation activity, and Maharashtra state is unable to maximize the economic potential that can be delivered by aviation. We urge the government to urgently look at innovative approaches to bridge the infrastructure shortfall," Khosla added.
01/02/18 PTI/Business World
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