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Nabh Nirmaan: Towards 1 billion air trips

Nabh Nirmaan: Towards 1 billion air trips

India is one of the fastest growing aviation markets in the world. The traffic growth, in the last three years, has been in the range of 16-18 per cent per annum. India is expected to be amongst the top three aviation markets in 2020 along with the US and China.

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In a sweet spot

In a sweet spot

First the good news! The economy's doing well, the stock market's touching new peaks and Indians are flying like never before.

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Indian airports facing severe capacity crunch

Indian airports facing severe capacity crunch

Amber Dubey, Partner and India Head of Aerospace & Defence, KPMG feels that a tough relook is required at the Land Acquisition, Rehabilitation and Resettlement (LARR) Act, 2013, as it has made land acquisition for public infrastructure projects such as airports impossible.

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Poised for strong growth

Poised for strong growth

Private players have a pivotal role in the modernisation of airports. Timely determination of policy framework with respect to user development fee for the airports involving PPP will serve as the primary force for drawing private developers.

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Reforms for civil aviation sector

Reforms for civil aviation sector

Modernisation of existing airports and development of low-cost airports to promote air connectivity, particularly to remote and regional areas, is expected to get a boost under the new government. This may include awarding management contracts at six major airports to private sector players and development of 50 low-cost airports on a fast-track basis.