15 Greenfield airports to come up in next few years

October 8, 2012

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New Delhi, October 8: Giving a push to aviation infrastructure development, Government is planning to build 10-15 greenfield airports and modernising 50 others in the non-metro cities over the next few years.

"About 50 non-metro airports are being modernised within the next 2 years and overall 10-15 new greenfield airports are being planned," Civil Aviation Minister Ajit Singh told reporters on the sidelines of the 49th Conference of Directors General of Civil Aviation of Asia-Pacific region here.

Maintaining that the civil aviation sector in India was witnessing an annual growth of 9%, he said, "We expect a double digit growth in air traffic in the next few years."

Asked about the basis of his assessment, Singh said, "The huge middle class is growing, trade is growing and India should achieve at least 6% GDP growth now. There may have been a temporary setback as we see a decline now, but air traffic is expected to grow substantially."

Earlier addressing the conference, he said the government had initiated a major process of modernising existing airports and developing greenfield ones "through a mixed strategy of public sector, private sector, joint ventures and public-private partnership" to accommodate the growing air traffic.

While airports at Delhi, Mumbai, Bangalore and Hyderabad had been built with private sector participation, "new airports are ready for commissioning in Chennai and Kolkata very soon," he said, adding that the government now permits up to 100% FDI in greenfield airports.

Referring to the controversial carbon tax being imposedby the European Union (EU) which is being opposed by India and a large number of countries, the Minister said, "We would request the delegates to oppose any unilateral environment measures imposed by a State or group of States like the EU-ETS (Emission Trading Scheme)."

He appealed to the delegates to "work with International Civil Aviation Organisation to evolve global environment protection on the basis of equity and consensus following the broad consensus obtained" in the United Nations fora.

Observing that India was a "major corridor" between the East and the West, Singh said the final operational phase and certification GAGAN (GPS Aided Geo- Augmented Navigation) system, developed jointly by Airports Authority of India and Indian Space Research Organisation, was expected to be completed in June 2013.

"GAGAN has a footprint overlapping with European Satellite Based Augmentation System (SBAS) on the West and Japanese SBAS on the East," he said.

Asked whether the proposed venture of the Kerala government, Air Kerala, would be allowed to fly abroad, the Minister said like all start-up airlines, it would need to fulfil all criteria for various government approvals. "We will give sympathetic consideration (to Air Kerala) but rules and regulations have to be followed."

The three-day conference is being attended by top global aviation officials, including ICAO Secretary General Raymond Benjamin, apart from aviation regulatory bodies of over 45 countries and six professional bodies.

The theme of the conference is 'Managing Air Transport Growth in the Asia Pacific Region through a Collaborative Approach to Safety, Security and Sustainability', which would also review and exchange information, enhance co-ordination of civil aviation activities and harmonise and coordinate implementation of standards and procedures in the region.

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Agencies
May 4,2020

Mumbai, May 4: Days after Facebook, private equity firm Silver Lake said it will invest 56.56 billion rupees ($746.74 million) in Reliance Industries's digital arm, giving it a valuation of 4.90 trillion rupees. Silver Lake on Monday agreed to pay Rs 5,655.75 crore to buy 1.15 per cent stake in the firm that houses billionaire Mukesh Ambani's telecom arm Jio.

The investment in Jio Platforms comes within days of Facebook investing USD 5.7 billion to buy a 9.99 per cent stake in Jio Platforms. The investment is at a premium of 12.5 per cent to the Facebook deal.

"This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5 per cent premium to the equity valuation of the Facebook investment announced on April 22, 2020," Reliance said in a statement.

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News Network
January 18,2020

Shirdi, Jan 18: The administrative body of Sai Baba's Samadhi calls for the indefinite closure of the Shirdi temple after Maharashtra Chief Minister Uddhav Thackeray reportedly said Pathri in Parbhani is Sai Baba's birthplace.

"We have announced to close Shirdi against rumours from January 19," said B Wakchaure of Saibaba Sansthan Trust.

"A meeting of villagers will be convened Saturday evening to discuss the issue. Devotees will not face any difficulty if they come to Shirdi," Mr Wakchaure added.

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Agencies
May 30,2020

New Delhi, May 30: The Congress on Friday described the first year of the Modi government as a "year of disappointment, disastrous management and diabolical pain".

Congress leader K C Venugopal said the six years of the Modi dispensation have seen fraying of bonds of empathy, fraternity and brotherhood with increase in acts of communal and sectarian violence.

Congress chief spokesperson Randeep Surjewala said that at the end of six years, it appears the Modi government is at war with its people and is inflicting wounds on them, instead of healing them.

"It is inflicting wounds on Mother India," he said.

"This government is trying to fill coffers of the select rich and is inflicting pain on the poor," Surjewala said.

On the BJP's charge of the Congress playing politics over the COVID-19 crisis, Venugopal said the opposition party did not indulge in any politics and gave suggestions instead.

"Being a responsible opposition, it is our duty to raise the problems faced by the common people. As opposition, we highlighted the failures of the government," he said.

Venugopal said the government "is totally insensitive" to the plight of migrant labourers and farmers.

Surjewala also demanded that a virtual session of Parliament be convened immediately to discuss pressing issues and the due process be set in motion for holding of meetings of various parliamentary committees.

Modi and his cabinet had taken oath on this day last year for a second term in office.

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