In her eighth consecutive budget presentation in Parliament, Union Finance Minister Nirmala Sitharaman laid out a roadmap for achieving “Sabka Vikas” by ensuring inclusive growth across all regions of India. Emphasising the country’s strong economic trajectory, she highlighted India’s position as the fastest-growing economy among major nations. Sitharaman underscored the government’s commitment to harnessing the...
Tag: greenfield airports
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We have planned Rs.17,500 crore capex
AAI, being the extended arm of the government, is geared-up to address the huge traffic growth that the country is witnessing. As per the forecasts, the growth is expected to continue in the future.
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Committee on greenfield airports clears four projects
The Steering Committee on Greenfield airports headed by Secretary, Civil Aviation has considered four new airport projects. The Committee recommended ‘in-principle’ approval to three projects in Andhra Pradesh, viz., Bhogapuram, Dagadarthi (Nellore) and Orvakallu (Kurnool).
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Viability of the project and a reasonable rate of return are not ensured by the policy makers.
Satyan Nayar, Secretary General, Association of Private Airport Operators, shares his views on private participation in aviation infrastructure with Janaki Krishnamoorthi.
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Indian aviation is poised to emerge as 3rd largest global market by 2030
Srinivas Bommidala, Group Director, GMR Group, talks about the long-term impacts of privatisation of airports, withdrawal of service tax exemption and the ´Make in India´ campaign as well as the growth potential of the industry.
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Airport works stopped
In Karnataka, the upcoming greenfield airports in Gulbarga and Shimoga may not get ready by the end of this year. Both projects, being built on a public-private partnership (PPP) model, stand grounded.
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Centre commences work on 6 greenfield airports
The Government of India has granted 'in principle' approval for setting up of 15 greenfield airports across the country out of which, physical work at 6 airports namely, Gulbarga, Hassan, Shimoga in Karnataka, Durgapur in West Bengal, Pakyong in Sikkim and Shirdi in Maharashtra, has already commenced, Union Minister of State for Civil Aviation, KC Venugopal told the Lok Sabha last week. Construction at various airports in the country including Aranmula airport project has not stopped, he added.