Investments worth Rs 36,000 crore planned for development of greenfield airports under PPP mode: Singh
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The Minister of State for Civil Aviation V K Singh has said that investments worth Rs 36,000 crore have been planned for the development of greenfield airports under the public-private partnership (PPP) model. He also cited ‘highly price-sensitive customers’ and high taxes on jet fuel as major challenges faced by the country's civil aviation sector.
Singh said that adequate safety measures are already in place for ensuring safe operation of aircraft at airports, including those having table-top runways, as per the International Civil Aviation Organisation standards and DGCA's civil aviation requirements. He said major challenges faced by the aviation sector include the adverse impact of the COVID pandemic, high taxes on aviation fuel, weak financial status of some airlines and sub-optimal infrastructure.
He also mentioned highly price-sensitive customers, sub-optimal leasing, MRO and manufacturing, low presence on international routes, mega aviation hubs in India's vicinity and shortage of skilled professionals as the major challenges.
