Latest news with #NationalCivilAviationPolicy
Time of India
27-05-2025
- Business
- Time of India
TN to compensate AAI if Parandur airport is operational before footfalls at city airport rise
Chennai: The state govt has agreed to compensate Airports Authority of India (AAI) if the proposed greenfield airport at Parandur becomes operational before passenger movement at Chennai International Airport reaches the targeted 35 million passengers per annum (MPPA). During the steering committee meeting on March 12 in New Delhi, AAI chairman Vipin Kumar, while supporting the proposal for the Parandur airport, said AAI should be compensated by the Tamil Nadu govt since the proposed airport is within a 150km radius of Chennai airport. Minutes of the meeting of the steering committee are now available in the public domain. In these, the AAI chairman cited the National Civil Aviation Policy (NCAP) and said the state govt should compensate AAI if the Parandur airport becomes operational before Chennai airport reaches its target of 35 MPPA. The compensation can be mutually decided when the need arises, it said. Chennai airport currently handles 30 million passengers annually. Authorities hope the influx will increase to 35 million with the completion of phase II of the international terminal. However, the state govt did agree to the AAI Chairman's request to give assent to the construction of a new terminal at Chennai airport and an additional land allocation of 90 acres for the expansion of the cargo terminal. The greenfield airport in Parandur, which is to be developed in four phases at an estimated 27,000 crore, is expected to have its first phase completed in 2028. Tidco, the state nodal agency, has said the airport will handle 20 million passengers annually after the first phase is completed. However, Airports Economic Regulatory Authority (AERA), which was also part of the steering committee, said the proposed size of the terminal building in the first phase (3.5lakh sqm) cannot handle so many passengers. "The number varies from the stipulated norms of the International Air Transport Association's Airport Development Reference Manual," it said, recommending further optimisation of the proposed aeronautical infrastructures to keep tariffs levied on airlines under control.
Zawya
03-03-2025
- Business
- Zawya
India's aviation boom: Soaring towards 15% growth amid economic expansion
New Delhi: India's aviation industry has been a significant contributor to the country's economic progress, playing a crucial role in both domestic and international connectivity. As the country positions itself as a global economic powerhouse, the aviation sector is poised for substantial expansion, with projections indicating a 14% to 15% growth rate. This anticipated boom is closely linked to the country's GDP growth, reflecting the deep interconnection between aviation and the broader economy. The aviation sector serves as a vital economic enabler, facilitating business, tourism, and trade. A growing GDP translates into increased disposable incomes, higher business activity, and greater demand for air travel. As India's economy continues to expand, more people are expected to travel by air, driving demand for additional flights, airport infrastructure, and airline services. According to industry experts, if India's projected GDP growth of around 7% to 8% is achieved, the aviation sector will witness proportional expansion, resulting in job creation, increased investments, and enhanced connectivity. Several factors contribute to the rapid expansion of India's aviation industry. These include rising middle-class incomes, government initiatives, foreign investment, and improvements in infrastructure. India's growing middle class has significantly contributed to the rise in domestic and international travel. With increasing disposable incomes, air travel is no longer a luxury but a necessity for many. This surge in demand has prompted airlines to expand their fleets, add new routes, and enhance service quality. The Indian government has introduced several policies to boost the aviation sector, including the National Civil Aviation Policy (NCAP) and the UDAN (UdeDeshKaAamNagrik) scheme. These initiatives aim to make air travel more accessible, promote regional connectivity, and encourage foreign investment in the sector. Additionally, efforts to improve regulatory frameworks and ease restrictions on foreign direct investment (FDI) have attracted global investors, further strengthening the industry. With increasing passenger traffic, there is a growing need for enhanced airport infrastructure. The government and private sector have invested heavily in expanding existing airports and developing new ones. Major airports like Delhi, Mumbai, and Bengaluru have undergone significant upgrades, while several regional airports are being modernised under the UDAN scheme. India's major airlines, including IndiGo, Air India, and Vistara, are expanding their fleets to meet the rising demand for air travel. Additionally, new entrants in the market are increasing competition, leading to better pricing, improved services, and expanded route networks. The recent acquisition of Air India by the Tata Group is expected to bring further innovation and modernization to the industry. India's aviation sector's future Looking ahead, India's aviation industry is expected to play a significant role in the country's economic growth. As India strengthens its position as a global business hub, international flight routes are expected to expand. Enhanced connectivity with key global destinations will boost trade, tourism, and business travel. The industry is gradually shifting towards sustainable practices, including the use of biofuels, improved fuel efficiency, and the adoption of green technologies. With increasing concerns about carbon emissions, airlines are focusing on reducing their environmental impact. The UDAN scheme has been instrumental in enhancing regional air connectivity, allowing smaller cities and towns to access air travel. This trend is expected to continue, fostering economic growth in previously underserved regions. The integration of technology in aviation, including artificial intelligence (AI), automation, and digital passenger experiences, is transforming the industry. Smart airports, streamlined check-in processes, and enhanced security measures are set to improve operational efficiency and customer satisfaction. India's aviation industry is poised for remarkable growth, closely tied to the country's overall economic expansion. While challenges persist, strategic investments, policy reforms, and infrastructure enhancements will drive the sector forward. If the projected GDP growth is realised, the aviation industry can achieve a 14% to 15% growth rate, reinforcing its position as a key contributor to India's economic success. With a focus on sustainability, regional connectivity, and technological advancements, the future of India's aviation sector looks promising and dynamic. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
02-03-2025
- Business
- Times of Oman
India's aviation boom: Soaring towards 15% growth amid economic expansion
New Delhi: India's aviation industry has been a significant contributor to the country's economic progress, playing a crucial role in both domestic and international connectivity. As the country positions itself as a global economic powerhouse, the aviation sector is poised for substantial expansion, with projections indicating a 14% to 15% growth rate. This anticipated boom is closely linked to the country's GDP growth, reflecting the deep interconnection between aviation and the broader economy. The aviation sector serves as a vital economic enabler, facilitating business, tourism, and trade. A growing GDP translates into increased disposable incomes, higher business activity, and greater demand for air travel. As India's economy continues to expand, more people are expected to travel by air, driving demand for additional flights, airport infrastructure, and airline services. According to industry experts, if India's projected GDP growth of around 7% to 8% is achieved, the aviation sector will witness proportional expansion, resulting in job creation, increased investments, and enhanced connectivity. Several factors contribute to the rapid expansion of India's aviation industry. These include rising middle-class incomes, government initiatives, foreign investment, and improvements in infrastructure. India's growing middle class has significantly contributed to the rise in domestic and international travel. With increasing disposable incomes, air travel is no longer a luxury but a necessity for many. This surge in demand has prompted airlines to expand their fleets, add new routes, and enhance service quality. The Indian government has introduced several policies to boost the aviation sector, including the National Civil Aviation Policy (NCAP) and the UDAN (UdeDeshKaAamNagrik) scheme. These initiatives aim to make air travel more accessible, promote regional connectivity, and encourage foreign investment in the sector. Additionally, efforts to improve regulatory frameworks and ease restrictions on foreign direct investment (FDI) have attracted global investors, further strengthening the industry. With increasing passenger traffic, there is a growing need for enhanced airport infrastructure. The government and private sector have invested heavily in expanding existing airports and developing new ones. Major airports like Delhi, Mumbai, and Bengaluru have undergone significant upgrades, while several regional airports are being modernised under the UDAN scheme. India's major airlines, including IndiGo, Air India, and Vistara, are expanding their fleets to meet the rising demand for air travel. Additionally, new entrants in the market are increasing competition, leading to better pricing, improved services, and expanded route networks. The recent acquisition of Air India by the Tata Group is expected to bring further innovation and modernization to the industry. India's aviation sector's future Looking ahead, India's aviation industry is expected to play a significant role in the country's economic growth. As India strengthens its position as a global business hub, international flight routes are expected to expand. Enhanced connectivity with key global destinations will boost trade, tourism, and business travel. The industry is gradually shifting towards sustainable practices, including the use of biofuels, improved fuel efficiency, and the adoption of green technologies. With increasing concerns about carbon emissions, airlines are focusing on reducing their environmental impact. The UDAN scheme has been instrumental in enhancing regional air connectivity, allowing smaller cities and towns to access air travel. This trend is expected to continue, fostering economic growth in previously underserved regions. The integration of technology in aviation, including artificial intelligence (AI), automation, and digital passenger experiences, is transforming the industry. Smart airports, streamlined check-in processes, and enhanced security measures are set to improve operational efficiency and customer satisfaction. India's aviation industry is poised for remarkable growth, closely tied to the country's overall economic expansion. While challenges persist, strategic investments, policy reforms, and infrastructure enhancements will drive the sector forward. If the projected GDP growth is realised, the aviation industry can achieve a 14% to 15% growth rate, reinforcing its position as a key contributor to India's economic success. With a focus on sustainability, regional connectivity, and technological advancements, the future of India's aviation sector looks promising and dynamic.
