In an interview with ET Now, Guruprasad Mohapatra, Chairman, AAI explains the growing significance of aviation sector and also talks about how much the sector needs investment to succeed with the big dream.
Edited excerpts:
Domestic aviation has been clocking double digit traffic growth for 40 months now. How airports are coping if such a growth continues and how is it that airports and the industry will cope up with this kind of investment flow. Do you think capex be needed for both greenfield as well brown-field projects?
As you rightly stated, amongst all the sectors of the Indian economy, aviation is one of the sector that is witnessing the fastest rate of growth i.e. more than four years of double digit growth rate. This growth itself brings all the challenges for us as most of the Indian airports are pre-World War II or post World War II period when it was not a priority sector. Hence, the land planning and availability posed serious problems. But now, with the current growth the need to boost investments into the infrastructure sector have tremendously increased.
Airport Authority of India at present manages more than 125 airports. In the top 20-30 airports we are looking into ways to optimise the air space management, the city side management as well as the terminal side management. Also, the authority have identified that in the coming five years, the Indian airports will be pumping in more than Rs 20,000 crore. Keeping that in mind, it is really imperative that investment both from public and private industries must increase.
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