|A new research report by RNCOS “Indian Airports Market Assessment”, says that Airport infrastructure in India is witnessing improvisation and expansion on a massive scale, with the Government avidly supporting private participants. Indian airports remain heavily dependent upon flight-related activities for earning their revenue. Airports charge from the airline customers for the facilities they use. Therefore, if the passenger traffic increases, the airport’s revenue will also grow by the same proportion. Rise in per capita income will make air travel more affordable for Indian travelers, leading to growth in passenger traffic. It is anticipated that by FY 2015, Indian airports (including domestic and international) passenger traffic will grow to 256 Million passengers.
Our research further highlights that the airport sector has managed to attract considerable private interest. According to the 11th Plan projections, private investment towards airport infrastructure was expected to contribute INR 231.55 Billion, which is 64% of the total investment. The PPP route has progressively gained importance and is being used either for modernization or construction of airports or only for city-side development at airports.
The report, “Indian Airports Market Assessment”
, by RNCOS which is spread over in 95 pages provides an in-depth research and rational analysis of the current status and expected position of the Airport industry in India. The report facilitates future forecasts on passenger traffic, cargo traffic, MRO industry, Ground handling industry, and Airport and Ground Support Equipment Industry during 2012-2015. Besides, it also sheds light on the potential growth areas of airport industry, analyzing its strength, weakness and its PEST analysis. Additionally, overview of various government regulatory bodies in the airport industry along with industry investments has been included in the report to provide a balanced outlook on the potentials of the Airport industry in India.
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