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A sum of $10 billion would be spent in the next five years to develop airport infrastructure in India so that the country could become the world’s third largest aviation market in seven years, Civil Aviation Secretary RN Choubey has said.
As many as 400 unused airstrips across the country that had become cattle grazing grounds, would be brought back to life, he said.
Addressing a day-long India Aviation Summit in Vijayawada, Choubey said the Civil Aviation Ministry was determined to maintain the “historic” 23 per cent growth rate achieved in the aviation sector in the country.
"$10 billion would be spent in the next five years to develop airport infrastructure. Our aim is to become the third largest aviation market in the next seven years. We are determined to stay ahead of the growth curve," he said.