Foundation stones for projects worth Rs 40 bn have recently been laid in Arunachal Pradesh. These projects aim to improve connectivity by giving importance on the improvement of highways, railways, airways and power.
It is known - and recognised - that the Indian economy is one of the fastest growing in the world. However, for this growth to sustain, the infrastructure sector needs acceleration at a much faster pace. With this in mind, Finance Minister Arun Jaitley allocated Rs 396,135 crore for the infrastructure sector in this year´s Budget, up 10 per cent from the previous year.
Registering a growth of 2.33 per cent, Indian domestic airlines flew 51.37 lakh passengers in November this year, against 50.20 lakh passengers carried in the same period last year, says data released by the Directorate General of Civil Aviation.
The Union Civil Aviation Ministry has allowed SpiceJet, IndiGo, Jet Airways and other Indian carriers to increase their number of flights to to the Middle East and South East Asia destinations. SpiceJet has huge international expansion plans.
The Union Civil Aviation Ministry is likely to send a note this week to the Cabinet Secretariat, seeking a post-facto approval for the seat-sharing pact between Etihad Airways and Jet Airways where India offered an additional 36,670 seats on flights between the two countries over the next three years. The bilateral agreement was signed on the same day in April when the Jet-Etihad deal was announced.