Union Civil Aviation Minister Ajit Singh said the Indian airport sector is likely to attract $12.1 billion worth of investment during the 12th Plan period. Out of this, the minister expects around $9.3 billion from the private sector.
Tag: Civil Aviation
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Privatisation of airports on hold till elections
The Ministry of Civil Aviation will take up the privatisation of six major airports only after the elections, according to a top official in the ministry. A parliamentary panel had opposed the government's decision of privatising six airports in Kolkata, Chennai, Lucknow, Jaipur, Ahmedabad and Guwahati. The government had decided to allow private parties to pick up 100 per cent equity stake in operation and management of these airports.
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AP to focus on non-hub airports
The Andhra Pradesh civil aviation policy will focus on developing non-hub airports in the region. The aims is to build new investment regions and give a fillip to tourism sector. Addressing the gathering at the inaugural event of the five-day India Aviation 2014 at Hyderabad recently, Andhra Pradesh Governor ESL Narasimhan has said that the state boasts of the country's first aerospace SEZ located within 15-km of the Rajiv Gandhi International Airport at Shamshabad.
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Take off issues
Regional airports face peculiar problems and require solutions tailored to enhance their economics. There is a need for a multipronged approach to address issues affecting the economies of these airports,
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2nd China Airport Development Summit 2014
The 2nd China Airport Development Summit 2014 will be held on 17th-18th, April in Shanghai, China. The summit organized by China Decision Makers Consultancy (CDMC Events). The summit gathers Government, Authorities, Airport Management Company, Airport Group, Information Technology System, Security System, Architectural Institute, Airport Construction Company, Consultant Company.
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Port Blair Airport terminal
The Union Minister of State for Civil Aviation KC Venugopal said that the projected date of completion of new terminal building of Veer Savarkar International Airport at Port Blair is December 2017 and is scheduled for commissioning by March 2018.
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Radar facility at Cochin airport
For its better performance, the Cochin International Airport in Kerala will be equipped with a radar system costing Rs 30 crore and it will become operational soon. The Airport Authority of India (AAI) is conducting final tests and the nod from the Director General of Civil Aviation for commissioning the system is now awaited.
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Centre requested to fas-track aviation projects in Arunachal
Unconfirmed reports indicate that the central government received a request from the Arunachal Pradesh governor Lt-Gen (Retd) Nirbhay Sharma to expedite civil aviation projects in the state and restore Lilabari Airport as early as possible. In New Delhi, Sharma held a meeting with union civil aviation Minister Ajit Singh to discuss aviation projects in the
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Airline industry is witnessing revival: Ajit Singh
Union Minister for Civil Aviation Ajit Singh said on March 17 that airline industry is witnessing a revival. Addressing the 11th Routes Asia Conference in Mumbai, Singh said various policy measures taken by the government have begun to yield results and hoped that the general aviation business will emerge as a key driver of regional connectivity and economic development.
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Govt to upgrade six airports in Gujarat
In a reply to a question in Rajya Sabha, Union Minister of State for Civil Aviation KC Venugopal informed that around Rs 322 crore would be invested to modernize six airports in Gujarat during the Twelfth Five-Year Plan period (2012-17). These airports are Ahmedabad, Bhavnagar, Jamnagar, Rajkot, Surat and Vadodara. The government woul