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| Business
Opportunities - Investments are being made to build & renew airport
infrastructure to handle the growing air traffic of over 580 million passengers
by 2016-17
- Airport Authority of India has proposed spend of INR 4662 Crores
to modernize 35 Non Metro airports to world-class standards.
- In order
to encourage private participation in the airport infrastructure sector the government
has further liberalized the foreign equity participation upto 100%
- 80
airports will be upgraded to meet all operational communication requirements of
air traffic services
- Creating of a multi modal cargo hub also offers a
great business opportunity
- Alliance Air proposes to develop Green fields
airports for ATR-72 operation in three states of India
- 10 green field
airports are also being planned
- Training facilities at Indra Gandhi Rashtriya
Uran Academy(IGRUA) will also be upgraded. IGRUA is planning to spend US$ 5.25
million for this single project
- Government proposes to establish a premier
pilot training institute at Gondia, Maharashtra & will look for entering into
joint ventures
- The MRO business is also set to gain momentum considering
the low cost & highly skilled labour in India coupled with cost sensitive
customers & growing fleet size. Thus posing a significant investment opportunity
with a potential to service a fleet of 1000 commercial & 500 general aviation
aircraft.
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