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Private Sector | Multi State - India | PID: 203513
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The government is in the process of infusing around USD 11 billion for the construction of new airports and expansion of the existing ones, Civil Aviation Minister K Rammohan Naidu said in his address at the India and France Seminar on 07 October, 2024
The number of airports has doubled in India from 74 to 157, the Minister told the gathering of visiting French aerospace industry association (GIFAS) delegation. The number of operational airports is expected to reach 200 by the end of 2025. Air India and Indigo together have placed orders for nearly 1,500 aircraft. Also, the GST rationalisation upto five percent on aircraft components is a step towards strengthening the MRO landscape, enhancing regional conectivity and green initiatives to cut down carbon footprint in the sector.
Furthermore, France and India are planning to develop an aeronautics cluster, French Ambassador to India Thierry Mathou, who was also among one of the speakers at the seminar said. Also, an MoU was also signed between the GIFAS and Federation of Indian Chambers of Commerce & Industry (FICCI) to explore industrial opportunities in both the countries. The other partners from the India is the SIDM and Indian Space Association.
| Updated on: 14 - Oct - 2024
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