Airport
offers access to vital infrastructure & services that help air transport.
Airports play a vital role for economic growth on national, local, and regional
levels. The effective or efficient development & functioning of airports is
as imperative for the sustainable expansion of air transport in particular for
economy as whole. The airport infrastructure is a sign of economic prosperity.
Airports connect people with global economies and its quality is an essential
component of overall hauling network, contributing directly to country's global
competitiveness & the flow of foreign investment. Adequate airport &
ground infrastructure a key factor in the growth of economy and the overall
transportation network contributes directly to international competitiveness
& the flow of distant investment.
According
to study, “Airport
Infrastructure Investment in India (Infrastructure Investments, Projects,
Airport, Airlines, & Associations) By Five Year Plans (12th Plan - 15th
Plan)” some of the major companies that are currently working in the
airport infrastructure investment in India are Airport Authority of India
(AAI), Larsen & Toubro Limited (L&T), GMR Infrastructure Limited,
Bengal Aerotropolis Project Limited, GVK Power & Infrastructure and
L&T, Reliance Infrastructure Limited, LANCO, Spice Jet Airlines, BetFair,
JetLite (Air Sahara), Air India, Jagson Airline, Jet Airways konnect, Rank
Group, GoAir Airlines, Paramount Airways, IndiGo Airlines, Air Asia. The open
sky policy of government has helped numerous overseas players entering the
market with huge spending.
Based
on airport, the Indian airport infrastructure investments are classified into
domestic airport and international airport. Domestic airports include airport
engineering, airport terminals, airport light and aircraft ground handling.
Domestic airports are the third major in the world & the overall civil
aviation market. International airports include shopping are, aircraft
maintenance engineering, hotels and conferencing & entertainment. Based on
parts of airport, market is classified into fixed equipments, ground support
equipments, and airport services. Ground support equipments are further
sub-segmented into powered equipment & non-powered equipments.
Some
airport projects are Future Terminal 1, Lyon–Saint Exupery Airport, Gatwick
Airport Expansion, Tampa International Airport Expansion, Navi Mumbai
International Airport, John F Kennedy International Airport JetBlue Terminal,
King Khaled International Airport, Taiwan Taoyuan International Airport
(TPE/RCTP), Long Thanh International Airport, Frankfurt International Airport
Expansion Project and Halifax Robert L Stanfield International Airport.
Moreover, some associations are Airports Authority of India, Directorate
General of Civil Aviation, Airports Economic Regulatory Authority and
Association of Private Airport Operators.
The
Indian airport infrastructure investment market is primarily driven by
emergence of new business destinations, followed by increased scope for
connectivity, rising air passengers & cargo traffic, low cost airlines,
public private partnership (PPP) model, increased affordability of air travel
& booming tourism, domestic & international or cargo traffic, new
operating models of airlines and government’s open sky policy. Apart from
advantages, the major restraint factor including inadequate runways, followed
by Maintenance, Repair & Overhaul (MRO) facilities. In addition, employment
in country and development of new airports are some of the major opportunities
of the market.
Recently,
Airports Authority of India (AAI) plans to bring near to 250 airports under
process across the country by 2020. The Indian airport infrastructure
investment market has placed insistently and it will reach US $20 billion, by
2020.
To
know more, click on the link below:-
Contact
Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249
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