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India plans to open 100 airports in five years

Bloomberg | Updated: Oct 30, 2019, 19:46 IST (/articleshowprint/71822987.cms)

HIGHLIGHTS

PM Modi is keen to double down on infrastructure projects in a bid to revive growth

The proposal also includes boosting the number of locally trained pilots to 600 a year and double the domestic aircraft fleet to 1,200

The government has committed investments of Rs 1 trillion to build airports in the next 5 years

India is planning to open 100 additional airports (https://timesofindia.indiatimes.com/topic/airports) by 2024, as part of a plan
to revive economic growth in Asia’s third-largest economy, according to people with knowledge of the matter.

The proposal, which includes starting 1,000 new routes connecting smaller towns and villages, was discussed at a meeting
last week to review infrastructure needed by 2025, the people said, asking not to be identified as the discussion is private.
Steps to start a plane-lease financing business in the country was also discussed, they said.

With economic activity at a six-year low and prospects of further slowdown looming, Prime Minister Narendra Modi
(http://timesofindia.indiatimes.com/topic/Narendra-Modi) is keen to double down on infrastructure projects in a bid to revive
growth and achieve a target of making India a $5 trillion economy by 2025. Last month, the government cut corporate tax
rates, putting India on par with some of the lowest in Asia, to help compete with the likes of Vietnam and Indonesia for
investments amid global trade tensions.

India’s plans to expedite airport development still trails that of China’s, which has set a goal of having 450 commercial
airports by 2035, almost double the number at the end of 2018. A spokesman at the civil aviation ministry was not
immediately available for a comment.

The proposal also includes boosting the number of locally trained pilots to 600 a year and double the domestic aircraft fleet
to 1,200 during the period, the people said.

The government has committed investments of Rs 1 trillion to build airports in the next 5 years.

Just three years back, only 75 of India’s 450 runways were functional, as airlines avoided flying to smaller, World War-era
airstrips in smaller towns. But Modi’s subsidy programme, which partly funds airline losses while capping fares on remote
routes, has helped add as many as 38 airports to the nation’s aviation map at the start of this year, while contracts were
given to airlines to start flights to a further 63 airports with no or limited connectivity.
TOP COMMENT
Each district should have airport which is connected to capital of that state...While the lure of India — with an emerging middle class flying for
Abdul Sattar the first time — has attracted companies such as Singapore
SEE ALL COMMENTS ADD COMMENT
Airlines (http://timesofindia.indiatimes.com/topic/Singapore-
Airlines) and AirAsia to set up local units, provincial taxes in the
nationIndiamake jet fuel one of the most expensive
(https://timesofindia.indiatimes.com/)
(https://timesofindia.indiatimes.com/india) in the
Maharashtra world. The government is aware of theDelhi
(https://timesofindia.indiatimes.com/india/maharashtra) high(https://timesofindia.indiatimes.com/ind
taxation burden and
higher jet fuel prices, and will rationalize the tax regime as soon as next year, the people said.

India will also encourage the use of drones — for which it announced a policy this year allowing unmanned vehicles to fly
beyond the line of sight — and sees the number of legal drones reaching a million by 2024, the people said. The country
will prepare drone corridors by 2021, and allow delivery of goods by drones by 2023, they said.

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READ 246 COMMENTS POST A COMMENT

Abdul Sattar (http://mytimes.indiatimes.com/profile/burkhadattu)

Each district should have airport which is connected to capital of that state...
REPLY 43 8

Vijay Kumar (http://mytimes.indiatimes.com/profile/659234661)

May this plan be successful and we have flight facility from every corner of the country. So that flying would not be only a dream for
anyone.
REPLY 31 6

Karan Parwani (http://mytimes.indiatimes.com/profile/charpandi)

build basic infra .. good stuff
REPLY 28 2

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