India plans spending of Rs 1 trillion to develop airport infrastructure by 2024
AVIATION & AIRPORTS

India plans spending of Rs 1 trillion to develop airport infrastructure by 2024

As reported, in a bid to boost its economic growth, India is considering setting up around 100 airports by 2024 with a dedicated investment of around Rs 1 trillion towards the development of the sector. The proposal also includes the addition of 1,000 new routes which would aid in the connectivity of smaller towns and rural areas. The discussion was part of a meeting that mapped out all infrastructural needs of the country by 2025. 

In tune to the current government’s ambitious USD 5 trillion economy goal, Prime Minister Narendra Modi is actively pushing forward on the required infrastructure growth that will revive the economy of the country. The proposal is reportedly being deliberated with that in the backdrop. 

Reportedly, China is ahead of India in terms of its proposed airport development which amounts to 450 new airports by 2035 – estimated to be around double the number at the end of 2018. 

Additionally, the country might also become home to a plane lease financing business.  The proposal also lists out suggestions to increase the number of locally trained pilots to around 600 a year as well as puts forth a proposal to increase the domestic aircraft fleet by double to 1,200. 

As reported, out of a total of 450 runways, only 75 were operational in the country. This was allegedly due to reluctance from flight authorities to fly on relatively older airstrips in smaller tows. The NDA led government has, however, introduced a subsidy program which partially takes care of losses faced by airlines and sets a cap on fares for remote regions.  This has helped in including 38 airports that are fully functional. 

Apart from this, the country is also planning to use drones. With new policy announcements, the total number of legal drones could amount to a million in the next five years. There will also be the formation of new drone corridors in the coming two years which will allow delivery of goods through drones by 2023. 

As reported, in a bid to boost its economic growth, India is considering setting up around 100 airports by 2024 with a dedicated investment of around Rs 1 trillion towards the development of the sector. The proposal also includes the addition of 1,000 new routes which would aid in the connectivity of smaller towns and rural areas. The discussion was part of a meeting that mapped out all infrastructural needs of the country by 2025. In tune to the current government’s ambitious USD 5 trillion economy goal, Prime Minister Narendra Modi is actively pushing forward on the required infrastructure growth that will revive the economy of the country. The proposal is reportedly being deliberated with that in the backdrop. Reportedly, China is ahead of India in terms of its proposed airport development which amounts to 450 new airports by 2035 – estimated to be around double the number at the end of 2018. Additionally, the country might also become home to a plane lease financing business.  The proposal also lists out suggestions to increase the number of locally trained pilots to around 600 a year as well as puts forth a proposal to increase the domestic aircraft fleet by double to 1,200. As reported, out of a total of 450 runways, only 75 were operational in the country. This was allegedly due to reluctance from flight authorities to fly on relatively older airstrips in smaller tows. The NDA led government has, however, introduced a subsidy program which partially takes care of losses faced by airlines and sets a cap on fares for remote regions.  This has helped in including 38 airports that are fully functional. Apart from this, the country is also planning to use drones. With new policy announcements, the total number of legal drones could amount to a million in the next five years. There will also be the formation of new drone corridors in the coming two years which will allow delivery of goods through drones by 2023. 

Next Story
Real Estate

AIDO Launches Smart Hotel Lock for Hospitality Spaces

AIDO, an endorsed brand of dormakaba, has launched the AIDO Hotel Lock, designed to improve secure and seamless access management across hotels, serviced residences and institutional spaces. The solution combines smart security, operational efficiency and contemporary design to support modern hospitality requirements.The lock features integrated electronic mortise functionality, reverse lifting handle locking and compatibility with third-party property management system platforms, enabling smoother room access and check-in operations. Powered by 6V DC with four AA alkaline batteries, it offers..

Next Story
Real Estate

Häfele Unveils Zenith Digital Lock

Häfele has introduced the Zenith Digital Lock, designed to enhance home security through smart technologies and versatile locking functions. Finished in Black and Grey, the lock blends with modern interiors while offering a refined, tech-enabled access experience.The lock features Smart Password technology for secure access and added protection against password tracing. Its Smart Voice function provides guided assistance for easy operation, while Smart Freeze temporarily disables access after multiple incorrect attempts, strengthening safety and control.The Zenith Digital Lock also offers mul..

Next Story
Infrastructure Urban

KBL Revenue Rises 11 Per Cent in Q4 FY26

Kirloskar Brothers Limited reported consolidated revenue from operations of Rs 14.15 billion for Q4 FY26, compared to Rs 12.81 billion in Q4 FY25, registering around 11 per cent year-on-year growth. Consolidated Profit Before Tax stood at Rs 1.47 billion, against Rs 1.27 billion in the corresponding quarter last year. Profit After Tax stood at Rs 1.04 billion, compared to Rs 1.12 billion in Q4 FY25.For FY26, consolidated revenue from operations stood at Rs 45.38 billion, compared to Rs 44.92 billion in FY25. Consolidated Profit After Tax for the year was Rs 3.61 billion, against Rs 4.03 billio..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->