India's Booming Aviation Sector - Will Boost CE Industry
With India's aviation market expanding at a fast pace, plans are afoot to increase the number of airports from the current 100 to 200 by 2035; this will open up huge business opportunities for the construction sector.
India has witnessed a six-fold increase in passengers over the past decade due to better connectivity and cheaper fares. Global consultancy and research firm Centre for Asia Pacific Aviation (CAPA) revealed in its recent report that Indian airports handled 265 million passengers in the domestic circle in 2016, which is expected to cross 300 million in 2018. According to the Directorate General of Civil Aviation (DGCA), India is poised to become the world's third-largest market for air passengers by 2025, and it will have 478 million fliers by 2036, requiring an investment of $45 billion.
India has witnessed a six-fold increase in passengers over the past decade due to better connectivity and cheaper fares. Global consultancy and research firm Centre for Asia Pacific Aviation (CAPA) revealed in its recent report that Indian airports handled 265 million passengers in the domestic circle in 2016, which is expected to cross 300 million in 2018. According to the Directorate General of Civil Aviation (DGCA), India is poised to become the world's third-largest market for air passengers by 2025, and it will have 478 million fliers by 2036, requiring an investment of $45 billion.
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NBM&CW August 2018
