Monday, September 6, 2010

India plans new airport investment

Brits taking cheap flights to India could benefit from a new investment programme. Bloomberg reports the country's government is set to invest around 400 billion rupees (£5.6 billion) over the next five years in the aviation industry.

Aviation minister Praful Patel explained: "We are in the process of either upgrading or setting up new airports across the country."

He added the government is also keen to increase investment in other aspects of aviation including navigation systems and runways. It is expected that the total number of passengers using India's airlines could reach 50 million in 2010, compared to 44 million in 2009. The country has also steadily increased its number of airports to meet demand and now has a total of 92 – an increase of 47 since 2004.

News Source for India plans new airport investment

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