ACU March 2022-LR

FEATURES
Over 13 billion USD mid term
capital outlay
To cater to future demand, the government
is focusing on expanding air connectivity like
never before. AAI and other Airport
Developers have targeted capital outlay of
approximately USD 13 billion in airport
sector in the next five years for expansion
and modification of existing terminals, new
terminals and strengthening of runways,
among other activities.
Greenfield airports sprouting
Under the Greenfield Airports Policy-2008,
the Government has so far accorded 'inprinciple'
approval for setting up of 21
Greenfield Airports across the country
namely Mopa in Goa, Navi Mumbai, Shirdi
and Sindhudurg in Maharashtra, Kalaburagi,
Bijapur, Hassan and Shimoga in Karnataka,
Datia (Gwalior) in Madhya Pradesh,
Kushinagar and Noida (Jewar) in Uttar
Pradesh, Dholera and Hirasar in Gujarat,
Karaikal in Puducherry, Dagadarthi,
Bhogapuram and Oravakal in Andhra
Pradesh, Durgapur in West Bengal, Pakyong
in Sikkim, Kannur in Kerala and Hollongi
(Itanagar) in Arunachal Pradesh. Out of
these, eight airports namely Durgapur,
Shirdi, Sindhudurg, Pakyong, Kannur,
Kalaburagi, Oravakal and Kushinagar have
been operationalized.
Till 2014, there were 11
domestic air cargo
terminals and 19
international air cargo
terminals in India. Airports
Authority of India (AAI) /
AAI Cargo Logistics and
Allied Services Company
Limited (AAICLAS) have
created another 27
domestic air cargo
terminals. These terminals
are in Amritsar, Madurai,
Mangalore,
Visakhapatnam, Chennai,
Indore, Kolkata,
Ahmedabad, Raipur,
Aurangabad,
Bhubaneswar, Varanasi,
Goa, Srinagar, Ranchi,
Trivandrum, Guwahati,
Vijayawada, Bagdogra,
Jammu, Leh, Surat, Bhopal,
Dehradun, Rajahmundry,
Tirupati and Hubballi.
In addition, there are joint ventures
(Jvs)/ public private partnerships
(PPP) and State Government
airports which are also engaged in
the process of establishment of
cargo terminals, thus expanding
infrastructure to facilitate enhanced
trade. The overall freight handled by
the country's airports during the
first two quarters of FY21-22
(combined) has recovered to more
than 80 per cent (15.36 lakh MT
during April-September) of the prepandemic
level.
Huge civil aviation
market
With a market size of US$ 16 billion
in July 2021, the country is the
tenth-largest civil aviation market.
AAI plans to invest US$ 3.58 billion
Source: CAPA India research and analysis; Airports Authority of India
in the next five years to augment facilities and
infrastructure at airports. It has opened the
airport sector to private participation as six
airports across major cities are being developed
under the PPP (public private partnership)
model. Investment to the tune of US$ 6-6.5
billion is expected in India’s airport
infrastructure between FY18-23.
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