The government has said it still has to work out the modalities of any policy to allow 100 per cent FDI in domestic airlines. Â“We have not initiated any talks with anyone. What the government said is it will invite 100 per cent foreign direct investment (FDI) in aviation.
Andhra Pradesh Chief Minister N Chandrababu Naidu has said that Andhra Pradesh was well-positioned to emerge as an aviation hub with Vijayawada (Gannavaram) airport registering an impressive growth in passenger traffic. The other two major airports at Visakhapatnam and Tirupati were also making rapid strides.
The much-awaited expansion of Gannavaram airport, which is proposed to be developed with international standards, will become a reality soon with Civil Aviation Minister P Ashok Gajapathi Raju directing the officials to complete works pertaining to development of a new terminal and lounges by April 30.