Investment opportunities of $110 billion are being envisaged up to 2020 with $80 billion towards new aircraft and $30 billion towards the development of airport infrastructure, according to the Investment Commission of India. But are the new aircraft and big development plans likely to materialise? A report on the conference held last month in Delhi.
Category: Aviation & Airports
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Aviation Infrastructure: Security infra in airports
As airport security took centrestage in aviation after the 9/11 and other forms of terror attacks, Inderjit Singh says a national security infrastructure is now a pre-requisite to growth.Of the Rs 650,000 crore that the Indian government has budgeted in 2011-12 towards transportation, Rs 70,000 crore is budgeted for the development of greenfield airports and upgrade of existing airports and a major portion of it would be from the private sector, financial institutions and Foreign Direct Investment (FDI).
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First weekly mainline service to Europe from Kochi
The International Container Transshipment Terminal (ICTT), Cochin, announced that the NEMO/EAX service will now make a weekly call at ICTT. This will make it the first weekly service vessel connecting Cochin directly to Europe.
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Rs 200 cr for Chakan airport
The Union ministry of civil aviation has sanctioned Rs 200 crore for Chakan International Airport in Pune district, which will now come up on a 700-hectare site adjacent to the one earlier proposed.
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Kannur airport by 2014
The construction of the runway at the upcoming Kannur airport will begin in 2012 and flight operations are expected to commence by 2014, according to the state Minister for Ports, Excise and Airports, K Babu.
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9th Construction World Annual Awards 2011: To build India ethically
The 9th Construction World Annual Awards held on 19 October 2011 at the Taj Land's End, Mumbai witnessed eminent personalities from the construction industry being felicitated for their valuable contributions.
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GMR to raise Rs 6,000 cr
GMR Infrastructure is planning to raise around Rs 6,000 crore over the next six months through domestic loans for a mega highway project.
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Jammu Airport expansion project gets SC clearance
The much awaited and much delayed Jammu Airport expansion successfully crossed final hurdle when the Supreme Court-appointed Central Empowered Committee (CEC) gave its clearance to 'change of use' on seven
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Policy for low-frills airports
The government is mulling formulating a policy on setting up low-frills airports in the country. Private airport operators and investors have over last five years contemplated setting up airports or terminals dedicated to low-fare airlines, but hasn't materialised.
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GMR bags first mega highway project
GMR Group has emerged as the selected bidder through international competitive bidding for six laning of 555-km long Kishangarh-Udaipur-AhmeĂÂdabad highway, the first brownfield mega highway project of the country.