The Indian Civil Aviation Ministry has released a new draft policy, which stipulates that the airports in Chennai, Kolkata, Ahmedabad and Jaipur would be developed under the public-private partnership (PPP) model.
The state-owned airport operator Airports Authority of India (AAI) will be listed on the stock market.
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The ministry said: "Airports Authority of India will be corporatised, followed by listing in the stock exchange, in order to improve efficiency and transparency.
"Pawan Hans will be listed in the stock exchange with the same objective. A mission-mode project will be set up to ensure that organisations under the ministry are competitive in terms of efficiency and costs."
The aviation ministry has released these reforms with the hope of aiding growth in the aviation sector.
India currently has 132 airports, out of which the AAI runs 46 domestic airports and 15 international airports. There are also four joint venture airports in Delhi, Mumbai, Bangalore and Hyderabad, which were developed under the PPP mode with private sector companies.
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By GlobalDataThe new policy is also looking at developing the six metropolitan airports of Delhi, Mumbai, Chennai, Kolkata, Bangalore and Hyderabad as major international hubs and make them the main access points for international travel to and from India.
The ministry added: "Our endeavour will be to provide the best possible conveniences to passengers. To achieve this objective, electronic check-in facilities of international standards and automated baggage handling facilities will be provided.
"In the first phase, the upgradation of facilities will be in the 18 major airports that account for 86% of the traffic. The remaining airports will also be covered subsequently."
Image: Chennai Airport is one of four airports to be developed under the public-private partnership model. Photo: courtesy of L.vivian.richard.
