Scindia says, In four years about Rs 95,000 Crore to be invested in aviation sector

Scindia said that the civil aviation sector has passed through difficult times and it is now ready for take-off to its true potential.

IANSUpdated: Tuesday, October 18, 2022, 07:20 PM IST
article-image
Scindia said that the civil aviation sector has passed through difficult times and it is now ready to take-off to its true potential. | Photo Credit: Pixabay

Union Civil Aviation Minister Jyotiraditya Scindia on Tuesday at the Conference of the Ministers of Civil Aviation in New Delhi said that in the next four years approximately Rs 95,000 crore is likely to be invested by the government and private sector. The investment will also include the development of greenfield and brownfield airports.

The Airports Authority of India is working on the expansion of about 40 airports and setting up 3-4 new greenfield airports. Similarly, the private sector is also working on 60 brownfields and three greenfield airports. In the last 8 years, the number of airports has gone up from 74 to 141 (including helipads and waterdromes) and the number is likely to cross 200 in the next 4-5 years.

Calling India a towering phoenix, the Minister said that India today is one of the few countries operating seamlessly in a high demand-led environment. He said that this has been possible because, during Covid times, the Government identified the drivers needed to give the boost to the sector and took proactive measures.

Speaking on the current scenario, the Minister said that the civil aviation sector has passed through difficult times and it is now ready for take-off to its true potential. Scindia expressed that the Government is ready to undertake an expansion of the civil aviation sector.

Stressing on the importance of helipads in providing last-mile connectivity, he urged the states to set up helipads in every district. He added that 82 helicopter corridors have been identified. He also talked about augmentation of flight training organisation capacity in the country and facilities for engine servicing.

He said the government recently abolished TNFC/RNFC charges in 21 states to encourage helicopter operations. The Minister brought attention to the three recent initiatives unveiled at the recent Heli-India Summit in Srinagar, namely Framing of Guidelines for Fractional Ownership, Project Sanjeevani for Helicopter Emergency Medical Services and Project AKASH.

Speaking on drone technology, the Minister said that a new revolution has begun and India is leading the initiative in the sector. He said that a conducive policy for promoting drones is already in place; incentives have been announced through PLI, and the use of drone services are being promoted in a large manner with 22 ministries concentrating on this.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Opening Bell: Indices open marginally up; Sensex up 93 points at 62504, Nifty at 18581

Opening Bell: Indices open marginally up; Sensex up 93 points at 62504, Nifty at 18581

More blow to edtech unicorns as Vedantu lays off 385 employees

More blow to edtech unicorns as Vedantu lays off 385 employees

E-rupee isn't the same as UPI, RBI governor explains how

E-rupee isn't the same as UPI, RBI governor explains how

More than 1 crore Indians will join gig workforce by 2025, says Indeed report

More than 1 crore Indians will join gig workforce by 2025, says Indeed report

Number of gaming startups in India surged from five to 1,330 in 6 yrs

Number of gaming startups in India surged from five to 1,330 in 6 yrs