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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code