Looking to construct 100 airports worth Rs 4.2 lakh crores says Aviation Minister Suresh Prabhu

Last Updated: Tue, Sep 04, 2018 17:34 hrs
Suresh Prabhu (Reuters image)

Image Courtesy: Twitter Handle of Suresh Prabhu, Minister for Civil Aviation and Commerce & Industries.

New Delhi: Civil Aviation minister Suresh Prabhu said that his government had plans to construct 100 airports in a time-frame of 10-15 years.

Speaking at an Aviation conference, Prabhu said that he had envisaged the project to involve a cost of $ 60 billion or approximately Rs 4.2 lakh crores.

According to an IATA report, the country's aviation sector was one of the fastest-growing in the world and had recorded 50 months of double-digit traffic growth. IATA's report further observes that India is expected to overtake Germany, Japan, Spain and the UK within the next ten years to become the world's third largest air passenger market.

According to the aviation minister who also handles the Commerce Ministry, these airports will constructed through public-private partnership. Besides aviation, he said that the government was also working on a cargo policy.

"The Aviation Sector has the potential to contribute significantly to the contribution of not India's economic growth but also the world at large," said Prabhu.

"India can be the hub for the training of manpower which can cater to the growing needs of Aviation industry globally. We invite global players to work with to set up world class training centers which will benefit the industry over a period of time," he further added.

Prabhu tweeted saying he was targeting a billion trips