India outlined plans on Monday to invest billions of dollars in airports, aircraft and recruitment as the world's fastest-growing economy seeks to meet booming air travel demand.
Growth will include new airports, more regulators and air traffic controllers, and new flying schools, Civil Aviation Minister Jyotiraditya Scindia told an industry audience.
Prime Minister Narendra Modi's government said this year that the South Asian nation would spend 980 billion rupees by 2025 to boost regional connectivity by constructing airports and modernising existing ones. Scindia said passenger capacity at the country’s six major airports is expected to grow to 420 million in four years from 192 million today, and Indian carriers’ fleet will grow to 2,000 aircraft in five years from 700.
"Surprisingly and shockingly, the situation has turned the other way. Where at one point we did not have passengers to fill our airplanes ... now we do not have enough airplanes to fly our passengers," Scindia said.
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