{"id":20038,"date":"2022-04-22T11:35:20","date_gmt":"2022-04-22T06:05:20","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=20038"},"modified":"2022-04-22T11:35:22","modified_gmt":"2022-04-22T06:05:22","slug":"airports-will-attract-rs-1-trillion-investment-over-the-next-four-years-aviation-minister","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/04\/22\/airports-will-attract-rs-1-trillion-investment-over-the-next-four-years-aviation-minister\/","title":{"rendered":"Airports will attract Rs 1 trillion investment over the next four years: Aviation Minister"},"content":{"rendered":"\n

According to the aviation minister, the government expects to invest close to a trillion rupees<\/strong> in airports over the next four years in order to encourage more people to fly.<\/p>\n\n\n\n

According to Jyotiraditya Scindia<\/strong>, the India Economic Conclave, the goal is to raise the number of airports from 141 to 200 by 2025-26.<\/p>\n\n\n\n

\"Govt<\/figure>\n\n\n\n
The state-run Airports Authority of India would spend Rs 22,000 crore<\/strong> on developing terminals and other infrastructure at existing airports, while Rs 3,300 crore will be invested on greenfield airports in Itanagar and other Gujarat areas.<\/pre>\n\n\n\n
Apart from greenfield projects in Navi Mumbai, Goa, and Greater Noida, the private sector is anticipated to spend Rs 67,000 crore <\/strong>on the seven privately run airports.<\/p>\n\n\n\n
Scindia said that the BJP-led government has constructed 67 new airports in the last eight years, in addition to the 74 that were operating when it entered office in 2014.<\/p><\/blockquote><\/figure>\n\n\n\n
According to Scindia, demand for air travel has increased since Covid. For the first time since the epidemic began, daily traffic surpassed 407,000 on Sunday, surpassing pre-Covid levels.<\/p>\n\n\n\n
 India carried 144 million passengers in 2019-20, <\/strong>according to Scindia, and he expects that number to climb to 400 million in 2025-26.<\/p>\n\n\n\n
In the next several years, India’s largest airports would add a passenger handling capacity of 250 million, he said.<\/p>\n\n\n\n
\"Govt<\/figure>\n\n\n\n
Despite the fact that jet fuel is currently five times more expensive than it was two years ago, Scindia said he has been working to reduce the tax burden.<\/p>\n\n\n\n
He claimed that when he took over as aviation minister, 12 states charged VAT between 1% and 4%, while 24 jurisdictions charged more over 25%. \n\nNow, 25 states have a VAT rate of 4% or less, whereas 11 states have a high VAT rate.<\/pre>\n\n\n\n
The cost of jet fuel accounts for 40% <\/strong>of an airline’s total operating expenditures.<\/p>\n\n\n\n
Stay tuned and updated with Aviationa2z.<\/p>\n","protected":false},"excerpt":{"rendered":"
Govt expects to invest close to a trillion rupees in India’s airports over the next four years in order to encourage more people to fly.<\/p>\n","protected":false},"author":2,"featured_media":20040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[399,6761],"tags":[5768,741,269,2030,2624],"class_list":{"0":"post-20038","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured","8":"category-news","9":"tag-1-trillion-investment","10":"tag-air-travel","11":"tag-airports","12":"tag-aviation-a2z-news","13":"tag-traffic-growth"},"_links":{"self":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/20038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/comments?post=20038"}],"version-history":[{"count":1,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/20038\/revisions"}],"predecessor-version":[{"id":20045,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/20038\/revisions\/20045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media\/20040"}],"wp:attachment":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media?parent=20038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/categories?post=20038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/tags?post=20038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}