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November 30, 2021

India to invest $3.3bn over five years for expansion of airports

Under the PPP mode, $4.7bn (Rs360bn) has been allocated for the development of new Greenfield airports in India.

The Airports Authority of India (AAI) has announced an investment of $3.3bn (Rs250bn) to expand existing airports in the country and modernise them over the next four to five years.

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This infusion will enable the creation of new terminals, as well as the expansion and overhaul of existing terminals.

It will also support the expansion or revamp of aprons, runways, control towers and airport navigation services (ANS).

The three public-private partnership (PPP) airports located in Delhi, Hyderabad and Bengaluru cities will invest $3.9bn (Rs300bn) for expansion work by 2025.

Under the public-private partnership (PPP) mode, $4.7bn (Rs360bn) has been allocated for the development of new Greenfield airports in India.

The government has already given in-principle approval for establishing 21 Greenfield airports across the country.

Of these 21 airports, eight airports have been operationalised across various cities.

As part of the governments Regional Connectivity Scheme (RCS), 393 routes became operational, connecting India’s 62 unserved and underserved airports. This includes two water aerodromes and six heliports.

The government is also enhancing air navigation infrastructure at the country’s airports. Freighter aircraft deployed by Indian carriers have grown from 7 in 2018 to 28 in 2021.

The Minister of State in the Ministry Of Civil Aviation (General (Retired)) Dr V K Singh said that goods and services tax (GST) has been reduced from 18% to 5% for domestic maintenance, repair and overhaul (MRO) services.

Furthermore, the government has created a provision for 100% foreign direct investment (FDI) at the greenfield and existing airport projects.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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