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April 22, 2022

India’s airport sector to receive $21.6bn investments

The government intends to expand the number of airports in the country to 200.

The Indian airport sector is anticipated to receive investments worth Rs1.65trn ($21.6bn), including from private entities, in the next few years, according to India’s Civil Aviation Minister Jyotiraditya Scindia.

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News agency Press Trust of India (PTI) quoted Scindia as saying: “We have a plan of close to Rs980bn ($12.8bn) crore over the next four years to be deployed in the area of airports alone.”

Airports Authority of India’s (AAI) share will be Rs250bn ($3.28bn) out of the total funding, while another Rs220bn ($2.89bn) will be used to expand airports and construct new terminals in the country.

The government also intends to increase the count of airports in the country to 200.

Scindia added: “We had 74 airports prior to 2014 in 70 years of India’s independence and in the last eight years, we have built 67 airports … it is my intention, by the way, to take it close to 200 airports in India, and therefore you want to see a rapid expansion of airport infrastructure networks.”

Affected by the Covid-19 pandemic, the civil aviation sector is recovering, with domestic passenger traffic gradually witnessing pre-pandemic levels.

“The domestic air passenger traffic crossed the four lakh mark for the first time in two years on 17 April,” reported the news agency.

Plans are also underway for a new policy for smaller aircraft to increase regional transport aircraft and helicopters as well as sea planes, ministers revealed.

New airline Akasa is expected to commence operations in the coming months, according to the minister, while shuttered Jet Airways is also anticipated to resume operations.

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img

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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