AAI Plans Nearly Rs 50 Bn Capex for FY24: Chairman

The Airports Authority of India (AAI) is gearing up for a substantial capital expenditure (capex) of almost Rs 50 billion for the fiscal year 2023-24. This announcement comes from AAI Chairman Sanjeev Kumar, indicating significant investment plans to enhance airport infrastructure and facilities across the country. The proposed capex reflects AAI's commitment to modernising and expanding India's aviation infrastructure to meet the growing demands of air travel. These investments are expected to improve airport capacity, efficiency, and passenger experience, contributing to the growth and development of the aviation sector. AAI's ambitious capex plans signify its strategic focus on enhancing connectivity and promoting economic growth through the aviation industry. The allocation of substantial funds for infrastructure development underscores AAI's proactive approach to address infrastructure bottlenecks and support the aviation sector's expansion. Overall, AAI's planned capex for FY24 underscores its commitment to advancing India's aviation infrastructure and facilitating the country's air travel growth trajectory. As AAI continues to invest in airport development initiatives, it is poised to play a pivotal role in shaping the future of India's aviation sector.