India’s aviation expansion requires $170 billion by 2030: S&P Global

17 Oct 2024 CW Team

India will need over $170 billion in investments by 2030 to support rapid growth in its aviation sector, driven by record aircraft orders and airport infrastructure upgrades, according to a report by S&P Global Ratings.

As one of the fastest-growing aviation markets, India is projected to see domestic passenger traffic double to 300 million by 2030, based on government data. International traffic is also expected to more than double during the same period, according to estimates by aviation research group CAPA India.

To meet surging demand, Indian airlines have placed record orders with Airbus and Boeing, while the government aims to double the number of airports by 2030, establishing India as a global aviation hub alongside Singapore, Dubai, and Doha.

S&P Global Ratings forecasts that Indian carriers will spend $150 billion to finance outstanding orders for 1,700 aircraft. Another $24 billion will be required for airport construction and expansion.

“The timing is favourable for higher borrowing,” S&P analysts noted, highlighting the sector's strong growth outlook, access to cheaper domestic financing, and supportive government policies on foreign ownership, which are expected to enhance funding opportunities for the aviation industry.

(ET)

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..