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Will the Government spend $10 Billion on Airport Infrastructure?
According to Civil Aviation Secretary RN Choubey, if about $10 Billion is spent on airport infrastructure in the five years then India will become the world’s third largest in the aviation market in next seven years.
There are around 400 unused lands across the country, which have become useful for the cattles for grazing. These lands could be used by the aviation industry to make airports.
The growth rate is expected to escalate in the coming years after the airport infrastructure is determined. The growth of about 23% is what India is aiming at in comparison to China. China—India’s rival in terms of aviation—shows a growth of about 41%.
The Indian aviation growth is enhanced by proactive industry-friendly policies but also by the fall in the fuel prices.
The progressive policies and the Regional Air Connectivity Scheme at the national level have helped in boosting the airport infrastructure and developing more flights for the masses.
The fares in the civil aviation have been made almost as same as that of an air-conditioned train fares. As per the Regional Air Connectivity Scheme, about 50–60% viability gap funds were refunded as subsidy. Jerry Hughes Authentic Jersey
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