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India hopes that more money will bridge the infrastructure gap but many believe that may not be enough
India hopes that more money will bridge the infrastructure gap but many believe that may not be enough
Prabhjote GillMar 17, 2021, 15:51 IST
Workers in action at the Avinashi road flyover construction project in Coimbatore, Tamil NaduBCCL
India is on the threshold of setting up a new national bank that will raise money to fund long-term infrastructure projects, which typically have high risk and low payout.
The bank plans to overcome the issues of funding projects by allowing pension funds, insurance funds, sovereign funds and foreign investors to provide capital.
In last 7 years, routes connecting 56 underserved & unserved airports been made operational: Hardeep Puri
New Delhi:
Civil Aviation Minister Hardeep Singh Puri Monday said the Airports Authority of India (AAI) will continue to receive revenue share after the government sells its stake in the airports in Delhi and Mumbai. Those who are raising concerns should also know that the Delhi s airport and the Mumbai airport are on a 60 yr lease. These & the 6 other airports will be back with AAI after the lease period. So, nothing as they claim, is being Sold Out! he said on Twitter.
Those who are raising concerns should also know that @DelhiAirport & @CSMIA Official are on a 60 yr lease, these & the 6 other airports will be back with AAI after the lease period. So, nothing as they claim, is being Sold Out! - Hardeep Singh Puri (@HardeepSPuri) March 15, 2021
Updated Mar 16, 2021 | 15:24 IST
Finance minister Nirmala Sitharaman in her budget speech had said the government plans to privatise airports run by the Airports Authority of India (AAI) in tier 2 and 3 cities during 2021-22 Govt to develop 100 more airports at tier 2 & 3 cities, says Hardeep Singh Puri | Photo Credit: IANS
New Delhi: Union civil aviation minister Hardeep Singh Puri on Tuesday said that the Modi government will develop 100 more airports in tier 2 and 3 towns and cities across the country, as it hopes to improve air connectivity. Govt led by PM Sh @narendramodi Ji (Narendra Modi) has the target of developing 100 more airports in Tier II & III cities. In (the) last 7 years, routes connecting 56 underserved & unserved airports including 5 heliports & 2 water aerodromes have been made operational, he said in a recent tweet.
Indian aviation braving the turbulence
Domestic airlines are making hectic plans despite the future still looking all too hazy
There’s never been a worse time for the aviation industry globally but that’s not stopping Dubai-based tycoon Murari Lal Jalan from seeking to resuscitate moribund Jet Airways. Jalan’s an aviation novice but he’s got ambitious plans to take the airline aloft within six months after he gets crucial bankruptcy resolution clearance from the National Company Law Tribunal. Jalan says the pandemic makes it the “best time” to enter the sector as input prices are down. While there’s widespread industry scepticism about Jalan’s time-frame, he says everything’s “on track” for assembling a narrow- and wide-body fleet of 25 aircraft and he plans to restart domestic and international flights almost simultaneously. Jalan’s also negotiating to regain Jet’s previous time-slots and although he’s unlikely to succeed, given use-it-or-lose-it regula
13 airports set for divestment packaged into six bundles - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.