India: Govt is resurrecting life in Indian airports, to spend US$10b on infrastructure

Civil Aviation secretary RN Choubey has confirmed that a sum of US$10b would be spent in next 5 years to develop airport infrastructure in India so that the country could become the world's third largest aviation market in 7 years. He said that nearly 400 unused airstrips across the nation that had become cattle grazing grounds, would be brought back to life. Choubey said that the Civil Aviation Ministry was determined to maintain the "historic" 23% growth rate achieved in the aviation sector in the country. "We are determined to stay ahead of the growth curve," he said. India's nearest rival in terms of aviation growth was China with 14%. Progressive and proactive industry-friendly policies played a significant part in Indian aviation's growth story and not just the fall in fuel prices, Choubey added. <br/>