India to spend more than US$12b on aviation through 2017
The Indian govt has confirmed it will spend more than US$12b on aviation as part of its 12th Five Year Plan (FYP), which finalises at the end of 2017. A large proportion of the projected investment will go into launching and developing up to 200 new airports at secondary and tertiary destinations over the next 20 years, a Ministry of Civil Aviation spokesperson said. The govt said it is looking for a significant amount—$9b—to come from the private sector. The Indian govt is aiming for an overall growth rate of 8% in coming years, and has projected that passenger numbers will swell to 450m by 2020, from just under 160m at the start of the current FYP. Indian aviation saw a 13% growth in passenger traffic for the 10 years to 2013. <br/>
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India to spend more than US$12b on aviation through 2017
The Indian govt has confirmed it will spend more than US$12b on aviation as part of its 12th Five Year Plan (FYP), which finalises at the end of 2017. A large proportion of the projected investment will go into launching and developing up to 200 new airports at secondary and tertiary destinations over the next 20 years, a Ministry of Civil Aviation spokesperson said. The govt said it is looking for a significant amount—$9b—to come from the private sector. The Indian govt is aiming for an overall growth rate of 8% in coming years, and has projected that passenger numbers will swell to 450m by 2020, from just under 160m at the start of the current FYP. Indian aviation saw a 13% growth in passenger traffic for the 10 years to 2013. <br/>
