Industry body ASSOCHAM has welcome the Aviation Ministry's move to draw up a plan for driving Infrastructure Development and Air Connectivity during the initial months of the new Government.
Indian aviation industry, with an estimated market size of INR 60,000
Crores, has witnessed a CAGR of 5% and 7% in domestic and
international passenger traffic respectively during 2007-12. Per week
flight average has increased from 8,724 in 2006 to 12,107 in 2011 and
is expected to reach 15,000 by 2014-15. Interestingly, much of this
growth is contributed by Tier II and III locations.
has recommended that most new airports can be developed on the
No-Frills model, which will have a multiplier effect on Exports,
Trade, Travel, Tourism and other allied industries. Countries like
Malaysia, UK and France have already successfully tested this model
of infrastructure development.
to assess option of developing un-utilized air strips in India.
India currently has about 457 airstrips across all categories of
ownership and only about 82 of these are active or operational.
construction design for developing new airports that rationalizes
facilities and services offered, without compromising on quality and
and rationalized structure of airport charges for No-Frills airports
- more rational vis-a-vis similar charges levied at bigger airports.
models for maximizing non-aero revenues by tapping potential in
housing and commercial real estate development close to airports
visible interest of the new Government in creating a framework for
promoting smaller, low cost airports in India is highly encouraging.
ASSOCHAM believes this will significantly boost private sector
interest in Airport development and enable the concept of No-Frills
Airports to TAKE-OFF.