Airport Infra Investment Robust Growth in COVID-19
The emergence of new business destinations, increased scope for connectivity, government initiatives, new airline operating models and domestic and international tourism drives the growth of the Airport Infrastructure Market of India.
Aviation industry in India has experienced a consistent growth at par with the global aviation industry. The Indian government’s open sky policy has abetted a lot of overseas players to make significant investments in the Indian aviation market.
The Indian government plans to build new airports in several Tier 1 and Tier 2 cities which will attract investments from private players. The Airport Infrastructure Investment in India is growing at an exponential rate and is expected to reach US$ 20 billion by 2020.
The public private partnership model (PPP model) is a preferred mode of investment in this sector. Infrastructural investments and operational costs for maintenance and repair is high. Private players are committed to increase their spending to ensure better customer service and satisfaction. Some of the key players include Airport Authority of India, GMR Infrastructure, GVK Power & Infrastructure and L&T.