India needs Rs 2-3 lakh cr investment for new airports, says Jayant Sinha

Over the next 10-15 years for setting up new airports and adding capacity at the existing ones

MoS for Civil Aviation Minister Jayant Sinha addressing at the Airport Investment Summit in Mumbai.
Civil Aviation Minister Jayant Sinha addressing at the Airport Investment Summit in Mumbai.
Press Trust of India Mumbai
Last Updated : Jun 20 2017 | 10:03 PM IST
The country will require an investment of Rs 2-3 lakh crore over the next 10-15 years for setting up new airports and adding capacity at the existing ones, Union Minister Jayant Sinha said today.

Aviation is going to be one of the major sectors that will drive economy going forward, and some 150-200 airports are needed for 90% of the population to be within 60-90 minutes away from an aerodrome, according to MoS for Civil Aviation Jayant Sinha.

"We have to add more airport capacity as well as airspace capacity. Over the next 10-15 years, our estimation is that somewhere between Rs 2-3 lakh will be required to have new airports and in adding capacity," he said at an aviation event organised by IMC chamber of commerce and industry here.

Sinha said as many as 31 more airports have become operational in the last two years and currently the total number of airports stands at 106 from 75 aerodromes earlier.

"We need 150 to 200 airports for 90% of the population to be within 60-90 minutes away from an airport," the minister said.

The aviation sector is poised for substantial growth, he said, adding, "It is going to be one of the major sectors that will drive the economy."

Sinha said the government will be creating a unified security command to supervise security at Indian airports.

"We want a unified command to be able to keep all of the airports under supervision through a robust set of security protocols. So, the unified security architecture is a major policy initiative that we have embarked on with the Ministry of Home Affairs," he said.

The civil aviation ministry has been working with the CISF on how to move towards a unified command for country's airports, he said.

"Today, security is airport by airport. We have a mix of security personnel, we have CISF at many of our airports, CRPF in some and local police in others.

"In our case, the CISF will be the unified command, where we don't look at security airport by airport, but (are) looking at security across the entire aviation network," he added.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 20 2017 | 10:00 PM IST

Next Story