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04 September 2018
 |
| air passenger (The Total Investment & Insurance Solutions) |
India plans to construct 100 airports at an
estimated cost of $60 billion (about Rs 4.2 lakh crore) in the next 10 to 15
years, Civil Aviation Minister Suresh Prabhu said Tuesday. The Total Investment & Insurance
Solutions
The country's aviation sector is one of the
fastest-growing in the world and has recorded 50 months of double-digit traffic
growth.
As many as 100 new airports would be built in
the next 10 to 15 years for about $60 billion. These airports are to be
constructed through public private partnership, Prabhu said. The Total Investment & Insurance
Solutions
He said the government is also working on a
cargo policy.
According to global airlines' grouping IATA,
India is expected to overtake Germany, Japan, Spain and the UK within the next
ten years to become the world's third largest air passenger market.The Total Investment & Insurance
Solutions
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