Govt to Develop More Airstrips, Revise Airport Rules

11 Jun 2024 CW Team

The Indian government is evaluating 300 airstrips for potential development into brownfield airports to enhance air connectivity, announced Aviation Secretary Vumlunmang Vualnam at the CAPA India Aviation Summit 2024. This move aims to improve connectivity, particularly to Tier-2 and Tier-3 cities. Currently, India has 453 airstrips, with 157 operational as airports.

The government is in the final stages of ratifying the Cape Town Convention (CTC), which will facilitate aircraft repossession by lessors, mitigating their risks. This step is critical after issues arose with repossessing planes from the bankrupt airline Go First.

India's airport ecosystem development plan spans 25 years, focusing on smaller airports feeding traffic to larger hubs. The number of operational airports has doubled in the last decade, and efforts are underway to expand this further. The government is also considering civil operations at more defence airfields to meet the growing demand in air travel.

Indian carriers have made significant aircraft orders to meet rising demand. Air India Group ordered 470 planes, IndiGo ordered 500 A320neo family planes, Akasa Air ordered 150 B737 Max aircraft, and IndiGo recently ordered 30 A350-900 widebody aircraft.

Domestic and international air traffic in India surpassed pre-pandemic levels in 2023-24, with international traffic reaching 69.7 million passengers and domestic traffic at 153.4 million passengers.

The government is also addressing airport regulations to ensure efficient operations and infrastructure development, aiming to meet the projected growth in air traffic and fleet expansion.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..