India to transform airports into global hubs with Unified Policy

22 Nov 2023 CW Team

India is in the process of developing a national policy aimed at transforming its airports into major international hubs, providing seamless single-point international connectivity to the South Asian region. This policy, pending approval from the cabinet, focuses on streamlining laws to alleviate security and immigration bottlenecks at airports, facilitating the allocation of international flying rights, and constructing essential infrastructure. The goal is to elevate airports like Delhi into prominent transit hubs, rivaling global counterparts such as Dubai and Singapore's Changi Airport, according to insiders involved in the policy formulation.

The concept of hubs involves consolidating passenger demand from the entire area and offering a plethora of direct flights to major cities worldwide.

One of the driving factors behind this initiative is to curb revenue loss. In the fiscal year 2020, a significant 69% of Indian passengers traveling to Europe and North America chose hubs like Dubai, Abu Dhabi, and Doha, opting for foreign airlines. This substantial revenue leakage poses a challenge for airlines and airports, hindering the growth of the Indian aviation ecosystem. Government officials emphasised the need for a unified policy to address this issue. By doing so, both Air India and IndiGo can tap into the potential of international traffic, driving the government's determination to formulate this policy.

The complexity arises from the fact that various aspects, such as security regulations and immigration policies, fall under the jurisdiction of the Ministry of Home Affairs, while international flying rights are overseen by the Ministry of External Affairs. Additionally, the construction of essential infrastructure will be coordinated through the National Infrastructure Pipeline. Therefore, a cohesive and unified framework becomes imperative to harmonise the efforts of multiple ministries and establish consistent regulations.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..