Govt plans to double airport count in 2-3 years: Jayant Sinha
On expansion of airports, he said most airports in India face capacity issues.
The government plans to double the number of airports in India over the next two-three years, Minister of State for Civil Aviation Jayant Sinha has said.
"Our party had in its 2014 election manifesto announced the UDAN (Uday Desh Ka Aam Nagrik) scheme, under which we will expand the number of airports," the minister said, delivering the 3rd G. Ramachandran Memorial Lecture organised here on Saturday night.
"The fact is we have 75 airports with scheduled services. We plan to double it in the next two to three years," the minister said at the event organised by the Southern India Chamber of Commerce and Industry (SICCI).
Earlier this year, in a move to make flying more affordable, the government unveiled a draft UDAN scheme with an all inclusive fare of Rs 2,500 for one-hour flights.
The scheme is aimed at developing underdeveloped regional routes, Sinha said.
Declaring that the government would raise about Rs 400 crore to run the UDAN scheme, the minister said the government is asking airlines to bid for those routes that provide connectivity to other major airports.
"When bids are finally awarded in January 2017, we will create an entirely new regional market," he said.
In this connection, he said 14 crore people take flights compared to 13 crore people who travel in air-conditioned train coaches every year. Passenger growth in India averaged around 10-11 per cent over the last 10 years.
On expansion of airports, he said most airports in India face capacity issues.
"Building an airport is a long-drawn process and I think we need to triple our airport capacity. In 10 years, we will see four airport hubs coming up in India. Delhi airport is single-largest infrastructure project. We will be adding another runway in Delhi," he said.
"We are working towards upgrading Chennai to be a global airport. Along with Chennai, we are also looking at Bengaluru and Kolkata. Already there are about over 100 aircraft movements at the Chennai airport," he added.
Sinha also said that the government plans to develop regional hub airports providing connectivity to local towns and cities.
"We are also looking to set up a major cargo and manufacturing hub," he said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
05:21 PM IST