India will invest $12 billion in airports and develop tourism.

 India will invest $12 billion in airports over the following two years as tourism increases.

 

With airline orders for hundreds of new planes to accommodate a resurgent travel demand, India will spend around 980 billion rupees ($12 billion) on airports over the next two years. This will put pressure on the country's current infrastructure. The goal of the world's fastest-growing aviation sector is to increase the number of airports from the present 148 to 220 by 2025. To that end, private builders will contribute roughly $9 billion, with the balance coming from the government-run Airports Authority of India.

 

It involves new terminal construction, greenfield projects, and refurbishment of existing buildings, including old military airfields from colonial eras. United Airlines flies more aircraft than the 700 that the 1.42 billion-person nation as a whole owns, yet existing airports in significant cities like Delhi and Mumbai are running out of parking and landing slots. The decision was made as India expanded its worldwide presence, bolstered by a growing middle class and a $3.2 trillion GDP that is on pace to overtake China's.

 

The nation has already made a name for itself in the aviation industry, with Air India Ltd. last month signing the largest contract in the history of commercial aviation. For many years, Boeing and Airbus SE have purchased parts from India. According to Civil Aviation Minister Jyotiraditya Scindia, who opened the three-day CAPA India Aviation Summit on Monday, India aims to be a global leader in aviation. Compared to India, China currently has a far larger fleet.

 

Adani Group's 2,866-acre airport in Navi Mumbai, which would serve 90 million people by 2036, is one of India's major airport initiatives. Zurich Airport International AG is building a new terminal with a 70 million passenger capacity for the capital city of New Delhi.

 

There will be new greenfield airports built in the states of Gujarat, Andhra Pradesh, and Karnataka.

 

According to some analysts, such massive infrastructure projects may worsen India's air pollution, which costs the economy of the nation $95 billion yearly, per Dalberg Advisors' research. This highlights the conflict between Modi's ambition to turn India into a prosperous country within the next 25 years and his objective of achieving net zero by 2070.

 

Few countries have as lofty aviation aspirations as India, and reaching those goals would result in higher emissions, according to Lewis Burroughs, aviation manager at ICF International Inc. in Virginia.

"The two will be closely linked until there are significant technological advancements."

 

By 2024, India hopes to create more than 90 carbon-neutral airports, which will be a difficult task given that there are currently only two, one in New Delhi and the other in Kochi, a southern port city.

 

Due to environmental concerns, the ongoing projects close to Mumbai and Delhi have already encountered opposition. According to Debi Goenka, founder of Conservation Action Trust, sites should be chosen to have the least negative effects on the environment and ecosystems. Officials for the two construction sites stated that adopting electric vehicles and renewable energy sources will help reduce emissions.

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