Civil Aviation Minister Suresh Prabhu in the International Aviation Summit said on Tuesday that India is planning to build 100 airports at an estimated budget of $60 billion (about Rs 4.2 lakh crore) in the next 10 to 15 years, PTI reported.
Prabhu told, “As many as 100 new airports would be built in the next 10 to 15 years for about $60 billion. These airports are to be constructed through a public-private partnership.” He added that the Central government is also developing a cargo policy and plans on creating a cargo hub.
PTI report said that India has one of the fastest growing aviation sectors in the world. The country has achieved ’50 months of double-digit traffic growth’.
Cabinet Minister Prabhu said, “At the International Aviation Summit organised to commemorate the unique milestone of 50 Months of Double-digit growth in the Indian Aviation sector. My congratulations to the Indian Aviation fraternity on this achievement! Our goal now is to prepare for a billion trips a year.”
As per global airlines’ grouping IATA, the next ten years can be very fruitful for the air passenger market in the country. India is expected to outdo Germany, Japan, Spain and the UK and become the world’s third largest air passenger market, PTI reported.