India to invest Rs 1 trillion in setting up 100 new airports by 2024

The government has committed investments of Rs 1 trillion to build airports in the next 5 years.

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Abhijit Roy Chowdhury & Anurag Kotoky | Bloomberg
India is planning to start 100 additional airports by 2024, as part of a plan to revive economic growth in Asia’s third-largest economy, according to people with knowledge of the matter.

The proposal, which includes starting 1,000 new routes connecting smaller towns and villages, was discussed at a meeting last week to review infrastructure needed by 2025, the people said, asking not to be identified as the discussion is private. Steps to start a plane-lease financing business in the country was also discussed, they said.
 
With economic activity at a six-year low and prospects of further slowdown looming, Prime Minister

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First Published: Oct 30 2019 | 8:10 PM IST

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