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India to splurge $12 bn on airports in next two years as travel rebounds

The world's fastest-growing aviation market aims to boost the number of airports to 220 by 2025 from the current 148, for which private builders will invest about $9 billion

Photo: Bloomberg
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Photo: Bloomberg

Bloomberg
India will spend about 980 billion rupees ($12 billion) over the next two years on airports, with airline orders for hundreds of new planes to meet resurgent travel demand putting pressure on existing infrastructure. 
 
The world’s fastest-growing aviation market aims to boost the number of airports to 220 by 2025 from the current 148, for which private builders will invest about $9 billion and state-run Airports Authority of India will bring the rest. It involves greenfield projects, new terminals and the renovation of existing facilities, including former military airfields left over from colonial times.

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First Published: Mar 20 2023 | 10:38 AM IST

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