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| NACIL to double investment to Rs 8,165 cr in 2009-10: Budget |
| Press Trust of India / New Delhi Jul 06, 2009, 16:49 IST |
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National Aviation Company of India Ltd (NACIL), the company that runs Air India, will almost double its investment to Rs 8,165 crore, grabbing the biggest chunk of about Rs 12,165 crore outlay for civil aviation ministry proposed in the Budget 2009-10.
NACIL will meet all of its proposed investment from Internal and Extra Budgetary Resources (IEBR), the Budget documents presented in the Parliament today showed. The company had invested Rs 4,136.89 crore in 2008-09.
Of the total Plan Outlay of Rs 12,164.76 crore for the Ministry of Civil Aviation, the government announced budgetary support of Rs 190 crore for the sector.
Of the Rs 11,974.76 crore proposed to be arranged through IEBR, Rs 3,145.81 crore is to be allocated to Airports Authority of India (AAI). The Authority will get another Rs 99.15 crore by way of budgetary support.
The Budget also proposed Rs 74.50 crore allocation through IEBR for Pawan Hans Helicopters Ltd and Rs 10 crore through budgetary support.
Of the total budgetary support for AAI, Rs 20 crore has been earmarked for the development of airports in the North Eastern States and the balance amount of Rs 79.15 crore is for the development of airports in others like Jammu, Srinagar, Aggatti and Puduchery.
Budgetary support of Rs 50 crore has been provided to the Director General of Civil Aviation.
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