Govt to invest Rs 25k cr to develop civil aviation sector
AVIATION & AIRPORTS

Govt to invest Rs 25k cr to develop civil aviation sector

The Government of India has announced an investment of around Rs 25,000 crore on the development and enhancement of the Civil Aviation sector in the coming 4-5 years.

Vijay Kumar Singh, the minister of State in the Ministry of Civil Aviation, informed that the government took various measures for improving the Civil Aviation sector by giving high-class infrastructure amenities to the country.

He told the media that the Airports Authority of India (AAI) took the responsibility to invest nearly Rs 25,000 crore in the upcoming 4-5 years to modify and expand existing terminals, new and strengthen the existing runaways, Airport Navigation Services (ANS), technical blocks, among others, to reach the estimated growth in the aviation division.

Singh revealed that the government has allowed establishing 21 Greenfield Airports across the country. Currently, six Greenfield airports are operating: Durgapur in West Bengal, Kannur in Kerala, Orvakal in Andhra Pradesh, Kalaburagi in Karnataka, and Pakyong in Sikkim.

He also informed that the government is promoting private players to invest in new and existing airports by the public-private partnership (PPP) and under the Regional Connectivity Scheme (RCS): Ude Desh ka Aam Nagrik (UDAN).

As of 27 July, 2021, 359 routes have started linking 59 unserved airports, including two water airports and five heliports.

The minister told the media that the government helped airlines by several policy measures with the purpose to enhance their global competition like creating a favourable aircraft leasing and financing environment, taxes rationalism, efficient use of bilateral traffic rights and improving air navigation amenities.

Due to the Covid-19 Pandemic and continuous lockdowns, the aviation sector has faced the most severe effects, as countries suspended international flights because of the rise in the number of cases.

Image Source


Also read: Govt to expand Puducherry Airport - K Lakshminarayanan

Also read: Haryana government to invest Rs 946 cr for Hisar Airport

The Government of India has announced an investment of around Rs 25,000 crore on the development and enhancement of the Civil Aviation sector in the coming 4-5 years. Vijay Kumar Singh, the minister of State in the Ministry of Civil Aviation, informed that the government took various measures for improving the Civil Aviation sector by giving high-class infrastructure amenities to the country. He told the media that the Airports Authority of India (AAI) took the responsibility to invest nearly Rs 25,000 crore in the upcoming 4-5 years to modify and expand existing terminals, new and strengthen the existing runaways, Airport Navigation Services (ANS), technical blocks, among others, to reach the estimated growth in the aviation division. Singh revealed that the government has allowed establishing 21 Greenfield Airports across the country. Currently, six Greenfield airports are operating: Durgapur in West Bengal, Kannur in Kerala, Orvakal in Andhra Pradesh, Kalaburagi in Karnataka, and Pakyong in Sikkim. He also informed that the government is promoting private players to invest in new and existing airports by the public-private partnership (PPP) and under the Regional Connectivity Scheme (RCS): Ude Desh ka Aam Nagrik (UDAN). As of 27 July, 2021, 359 routes have started linking 59 unserved airports, including two water airports and five heliports. The minister told the media that the government helped airlines by several policy measures with the purpose to enhance their global competition like creating a favourable aircraft leasing and financing environment, taxes rationalism, efficient use of bilateral traffic rights and improving air navigation amenities. Due to the Covid-19 Pandemic and continuous lockdowns, the aviation sector has faced the most severe effects, as countries suspended international flights because of the rise in the number of cases. Image Source Also read: Govt to expand Puducherry Airport - K Lakshminarayanan Also read: Haryana government to invest Rs 946 cr for Hisar Airport

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?