Indian aviation sector to witness investments worth Rs 1.65 lakh cr
AVIATION & AIRPORTS

Indian aviation sector to witness investments worth Rs 1.65 lakh cr

Minister of Civil Aviation Jyotiraditya Scindia said that the aviation sector is expected to witness investments worth Rs 1.65 lakh crore, including from private players, in the coming years.

The government also aims to have 200 airports in the country. The civil aviation sector, being hit by the Covid-19 pandemic, is recovering, and domestic passenger traffic is slowly touching the pre-pandemic levels.

Scindia said that the Ministry has a plan of close to Rs 98,000 crore over the next four years to be deployed in airports.

Of the total amount, Rs 25,000 crore would be from the Airports Authority of India (AAI), and Rs 22,000 crore for airports expansion and construction of new terminal buildings.

He highlighted that in the past eight years, the Ministry has built 67 airports and plans to build nearly 200 airports in India. He mentioned a new policy for smaller aircraft to encourage regional transport aircraft, helicopters and seaplanes.

Further, he intends to connect Tier 2 to 3 cities to metros and has planned over the next three to four years.

Amid the high growth potential in the country’s aviation sector, a new airline Akasa might take to the skies in the coming months, and the now-shuttered Jet Airways would restart operations.

Scindia added that Akasa and Jet Airways might begin operations before the end of this financial year.

According to data, this year, in March, around 1.06 crore domestic passengers travelled via air.

Image Source

Also read: Civil Aviation ministry to develop 21 greenfield airports in India

Minister of Civil Aviation Jyotiraditya Scindia said that the aviation sector is expected to witness investments worth Rs 1.65 lakh crore, including from private players, in the coming years. The government also aims to have 200 airports in the country. The civil aviation sector, being hit by the Covid-19 pandemic, is recovering, and domestic passenger traffic is slowly touching the pre-pandemic levels. Scindia said that the Ministry has a plan of close to Rs 98,000 crore over the next four years to be deployed in airports. Of the total amount, Rs 25,000 crore would be from the Airports Authority of India (AAI), and Rs 22,000 crore for airports expansion and construction of new terminal buildings. He highlighted that in the past eight years, the Ministry has built 67 airports and plans to build nearly 200 airports in India. He mentioned a new policy for smaller aircraft to encourage regional transport aircraft, helicopters and seaplanes. Further, he intends to connect Tier 2 to 3 cities to metros and has planned over the next three to four years. Amid the high growth potential in the country’s aviation sector, a new airline Akasa might take to the skies in the coming months, and the now-shuttered Jet Airways would restart operations. Scindia added that Akasa and Jet Airways might begin operations before the end of this financial year. According to data, this year, in March, around 1.06 crore domestic passengers travelled via air. Image Source Also read: Civil Aviation ministry to develop 21 greenfield airports in India

Next Story
Infrastructure Energy

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Next Story
Infrastructure Urban

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Next Story
Infrastructure Energy

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?