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Infrastructure
Infrastructure - Airports India currently has 5 international and 88
domestic airports. The annual growth rate in airline passenger traffic
for the period 1997-2000 is expected to be about 7% for international
travelers and 10% for domestic, reaching a total of around 60 million
passengers per year by the turn of the century. Along with this, air
cargo is expected to grow at least 12% annually to close to 5.6 million
tons by 2000.
The Air Corporation Act, 1953, repealed on March 1, 1994, ended the monopoly of Indian Airlines and Air India over scheduled air transport services. Private operators who were operating as air taxis, have been granted the scheduled airlines status. In addition, 21 air taxi operators have been given the permit for charter/non- schedule air transport services. Indias airports are in urgent need of modernization in equipment and services, terminal technologies and transport facilities. Specific investment opportunities include:
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