AAI has embarked upon a CAPEX plan for development/ upgradation/ modernization of various airports
100%FDI permitted in scheduled Air Transport Service/Domestic Scheduled Passenger Airline
The Voice of Chandigarh | Travel Trade Reporter:
Ministry of Civil Aviation, with a view to promote the growth of Indian Aviation sector released the National Civil Aviation Policy (NCAP) 2016 on 15.06.2016. The aim of the Government is to provide an ecosystem for the harmonised growth of various aviation sub-sectors, i.e Airlines, Airports, Cargo, Maintenance Repairs and Overhaul services (MRO), General Aviation, Aerospace Manufacturing, Skill Development, etc. Expansion and development of infrastructure facilities at the airports is a continuous process and is undertaken on the operational requirements for safety of aircraft operation and demand from airlines, depending upon availability of land and viability, as well as other facilities with reference to intended aircraft operations.
AAI has embarked upon a CAPEX plan for development/upgradation/ modernization of various airports in the country to meet the requirement of Air traffic which includes new Greenfield airports, expansion/ modification of existing terminal, new terminals, expansion/strengthening of existing runways, aprons, Air Navigation Services (ANS) works like control tower, technical block, etc. As per the FDI Policy, 100% FDI is permitted in scheduled Air Transport Service/Domestic Scheduled Passenger Airline (Automatic up to 49% and Government route beyond 49%) subject to sectoral and other conditions mentioned therein.