“The Airport Infrastructure Investment Market is a very
competitive market, but has a lot of growth opportunities in India as it is set
to become developed infrastructure in the next 10 years. The Airport
Infrastructure total investment required is estimated to reach INR 377,275
crores by 2032 which includes Greenfield and Non-Greenfield Airport projects in
India. Non-greenfield airports holds a major share of 84.6% compared to
Greenfield airports.”
Airport infrastructure is the part of economic development of the country.
Airport transportation not only connects people, but also connects economies to
the future development of global economy. The existence of airport
infrastructure and associated ground infrastructure is an essential factor in
the regional development. Aviation infrastructure needs to be developed to
facilitate unconstrained growth of the aviation market. Many companies are
looking to capitalize their investment into this emerging market.
Cities are separated by distance, but individual can easily travel between
cities using various transportation. Nowadays, air travel for passenger has
become more comfortable and cheaper due to growing tourism, increasing
passengers and cargo traffic, and number of low cost carriers in India.
"The aviation industry is rapidly growing in India with increasing in
number of visitors and Air traffic management. The passenger numbers are
expected to triple over the next decade which will require massive investment
in airport expansion and constructions.”
The Airport Infrastructure market is divided into Airports and Airlines. Again,
the Airport market is analyzed by international airport, domestic airport and
other operations. The Airlines segment contributes to majority of the market.
The passenger and cargo traffic in India is expected to grow in next five
years.
For huge requirement of funds for the development of airport infrastructure and
the financial constraints, the government has invited public private
partnership model. With the rise in PPP projects in the next few years will be
largely attributed to significant advantages such as better customer service,
completion of projects on schedule and within budgets, reduced life-cycle
maintenance costs, enhanced efficiency and cost savings including lower
construction costs.