As India positions itself as a global aviation hub, it has unveiled plans to significantly upgrade its airport infrastructure. The project involves substantial investments aimed at expanding the number of operational airports to 200 by 2025.
India has pledged an investment of INR 920 billion (approximately $11 billion) for airport infrastructure development. By 2025, the nation aims to have 200 operational airports, enhancing connectivity and accessibility across the country. This move is set to transform air travel into a more accessible mode of transportation for the average citizen, significantly boosting the aviation sector.
Credit ratings agency ICRA has maintained a positive outlook for the airport sector, predicting a revenue boost of 12-14% in the 2025 fiscal year. Factors such as sustained passenger traffic improvement and increased tariffs at major airports will likely contribute to this growth.
South Korea aims to attract 200,000 Indian tourists, with IRCTC curating all-inclusive travel packages.
Travel companies anticipate this trend to continue, driven by the growing capacity and falling oil prices that affect fare structures.
These moves are designed to bolster its presence in key global markets.
The group already boasts over 190 operational hotels across India, reflecting its robust market presence.
In a move to strengthen its regional ties, India has declared 2025 as the ASEAN-India Year of Tourism. This initiative will involve joint cooperative activities to promote tourism in the Southeast Asian region.
India’s commitment to expanding its airport infrastructure signifies a forward-looking strategy designed to meet rising air travel demands. The various initiatives reveal a comprehensive approach that combines infrastructure development, fleet expansion, and strategic partnerships. This positions India to emerge as a significant player in global aviation.