NEW DELHI: Civil Aviation Minister Suresh Prabhu said on Tuesday said India would construct 100 airports at an estimated cost of 4.2 lakh crores within the next 15 years.
Speaking at the International Aviation Summit here, he said that the country’s aviation sector is one of the fastest-growing in the world and has recorded 50 months of double-digit traffic growth. The growth forecasts for India indicated a trebling of passenger demand by 2037 when some 500 million people are expected to fly to and from or within India.
The new airports are planning in view of this exponential growth in demand, Prabhu said adding that the new airports are to be constructed through public private partnership, Prabhu said. He said the government is also working on a cargo policy.
According to global airlines’ grouping IATA, India is expected to overtake Germany, Japan, Spain and the UK within the next ten years to become the world’s third largest air passenger market.
Minister of commerce is in the process of preparing a road map for India towards a 5 trillion dollar economy. While 60 percent of this will come from services, aviation remains amongst the principal contributor to this.
Minister of state for Civil Aviation Jayant Sinha said the growth witnessed by Indian Aviation Industry was unprecedented and was being seen nowhere in the world. IATA has forecast 500 million trip in India in the next 20 years, and has recommneded the need to brace up and be prepared for this growth.
He said India was in fact preparing for a billion trips. “The demand for aviation is not a worry; we anticipate a huge demand from cities across India. It is supply that needs to be kept up to pace. And therefore, we are planning airport infrastructure taking a 20 year view through NABH Nirman initiative which prepare us for the 1 billion trips," Sinha said.
(With inputs from agencies)
Image Credit: UNI
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