Civil Aviation Minister Ajit Singh informed reporters that according to current estimates, Indian airports would require an investment of about Rs 67,000 crore during the next five years alone of which 75 per cent is likely to be contributed by the private sector. It may be noted that the government approved 15 more airports under the Greenfield Airports policy with majority of them being developed under the public priva
Tag: Civil Aviation
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49% FDI in civil aviation not substantial, says PwC, FICCI
Norms relaxation of Foreign Direct Investment (FDI) in civil aviation will not result in substantial increase in investment in the sector, states a report by PricewaterhouseCoopers (PwC) and Federation of Indian Chambers of Commerce and Industry (FICCI).
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Heading for a revival?
Development of infrastructure is vital for the progress of Indian economy. However, a collective support of other sectors is required to achieve its goal. The year just gone was shaded with the dark patches of issues like slowdown and lack of policy initiatives. However, a realistic approach in policy frame work and the revival of the global economy can uplift the sentiments of the industry in the coming years. Arvind Mahajan writes on the performance and outlook of India's infrastructure sector
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Easing the anxiety of viability
Through subsidies and other incentives, EASF will create a much-needed impetus for the development of infrastructure and growth in the regional aviation sector, writes Umesh Kumar Baveja.The Essential Air Services Fund (EASF) is a programme for IndiaĆās regional air infrastructure and services. Among the sweeping changes currently being made in the civil aviation sector in India, EASF will create a much-needed impetus for
the development of infrastructure and growth in the regional aviation sect
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Centre plans to develop Jhansi Airport
In order to promote tourism and thus the economic and social development of Bundelkhand, union government plans to develop Jhansi airport for civil oper
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Mallya calls for clear policy
Indian aviation industry needs a clear aviation policy that will help promote healthy investment, Kingfisher Airlines Chairman Vijay Mallya said.
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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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Separate Biz for AI?
In a bid to turnaround Air India, the civil aviation ministry is seeking government approval to hive off aircraft maintenance.
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Haryana plans AN international cargo airport
According to Haryana Chief Minister Bhupinder Singh Hooda, an international cargo airport would be set up in Haryana territory falling in the national capital region (NCR) of New Delhi.