India would need Rs.3 to 4 lakh crore investment in aviation infrastructure in the next 10-15 years to reach 50 crore passenger trips, like China and the US, Minister of State for Civil Aviation, Jayant Sinha said recently that the country needs major investment in airport sector as China currently has got 50 crore passenger trips even if they have a high speed rail network. The US too has 90 crore passenger trips. Stating that investments in the aviation sector had increased ever since Narendra Modi became the Prime Minister as in the fiscal year 2014-15, 10 crore passengers travelled in planes, which increased to 16 crore in 2015-16 and recorded growth 16-17% in the last three years. In 2017, it grew 15.6% and India will continue to grow 15-16% as the government is doubling the total growth and expect to have 20 crore passengers in 2018. The current government has started 30 airports in the current year under the UDAN initiative, and as of now, over 100 airports are in operation and the government is very much focused on boosting the aviation sector.
📅Published on:
22 September 2017
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