Airport infrastructure in India is witnessing improvisation and expansion on a
massive scale, with the Government avidly supporting private participants. The
need for airport infrastructure in India has increased considerably. In order
to ramp up airport infrastructure, the government on has unveiled reforms to
facilitate investment in this segment. It has been indicated that the
long-term prospects for both private participants and the country are
attractive. The investment in Indian airport infrastructure market, especially
in the Greenfield projects is expected to increase.
According to our latest research report “India Airports Market
Assessment”, rise in per capita income is making air travel more
affordable for Indian travelers. It is anticipated that by FY 2015, Indian
airports (including domestic and international) will handle close to 256
Million passengers. Country's fast growing tourism industry will also add fuel
to the market and improvise airport industry's positive future outlook. The
need for internationally benchmarked airports is increasing in nation.
Therefore, non-metro cities are getting authority's attention so as to develop
Greenfield projects under Public private partnership in various parts of
country so as to boost tourism and trade in the region.
Additionally, in the five years from FY 2011 to FY 2015 AAI expects 10% annual
growth in international cargo traffic. However, Indian airports have capacity
constraints and are hampered by factors like inadequate parking bays, single
runways and cargo handling and customs clearance capabilities that have led to
congestion and delay. Therefore, AAI is in process of modernizing and
expanding the cargo handling facilities.
Further, the airport sector has managed to attract considerable private
interest. According to the 11th Plan projections, Private investment was
expected to contribute INR 231.55 Billion, (US$ 4.63 Billion) which is 64% of
the total investment in airport infrastructure. 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.
Our team of researchers has analyzed that rising investment and growing
private participation in construction are the major strengths of the industry
whereas insufficient airport services and poor infrastructure facilities are
weakening this sector. Furthermore, Information Technology that plays a
strategic role in business transformation for the airport industry holds
enormous opportunities in this sector. PPP airports are deploying numerous new
technologies in India.
Our report “India Airports Market Assessment” is an outcome of
extensive research and thorough analysis of the Indian airport industry. The
report provides statistics/analysis on prominent airport projects including
completed, ongoing and proposed Greenfield and Brownfield projects. We have
also covered scenario of project by metro and non metro cities. Most
importantly, the report has also provided industry forecasts based on
correlation of past drivers, challenges, and opportunities for expansion. It
has also discussed the PEST analysis, strength, weakness, opportunities and
roadblocks of the industry. In this way, the report presents a complete and
coherent analysis of the Indian airport industry, which will prove decisive