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Secondary Airports Effective in India

 

            
             Over the past decade, India has seen a rapid growth and development in the aviation sector. From a poorly managed and lowly invested sector, the Indian aviation industry has climbed the ladder to a more liberalized and investor friendly sector. The advent of privatization and the introduction of LCC's have been the key contributors to the growth. The sector now boasts of 10 major scheduled airliners and world class airport infrastructure at tier one cities. The transfer of the country's major airports to private players under the public private partnership has led to the development of airport infrastructure that competes with leading airports across the globe. Also factors like a 100% FDI limit in airport investments and the birth of AERA have made the aviation platform a more stable one. The rise in competition among airliners is a consequence of the rising number of low cost carriers introducing themselves into the market. This has fuelled the air traffic growth in the country. Airports like Delhi, Mumbai, Cochin, Bangalore and Hyderabad has seen a traffic increase of 7-10% in the last one year. The positive indicators to India's aviation developments are many. Accelerated fleet acquisitions, increase in support organizations like MRO's, Ground Handlers, Fueling companies, etc. Liberalizing bilateral traffic rights have all promoted the aviation industry. All major airports across the country have been providing state of the art facilities to all passengers and users over the years. But are the airports ready to handle the rising the air traffic growth in the future poses a big question. According to a recent CAPA report, it has been found that India is under prepared to handle the growth challenges ahead and will need a massive investment of up to USD 40bn in airport development by 2025. The investment is required in terms of airport expansion projects and construction of new green field airports.


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