India may have around 190-200 operational airports in 2040. At least 31 top cities in the country may have two airports while Delhi and Mumbai will have a third airport by then, states the Vision 2040 Document of the Ministry of Civil Aviation. Cities like Goa, Visakhapatnam, Jaipur, Pune, Ahmedabad, Rajkot, Patna, Kolkata and Bengaluru will need a second airport by 2030. By 2035, more cities will join this list, reported Hindustan Times. With this, India’s air passenger traffic is expected to increase six-fold to 1.1 billion. The Vision 2040 Document was released by the Ministry of Civil Aviation at the Global Aviation Summit in Mumbai on Tuesday.
Here Are Some Key Facts About The Vision 2040 Document
- India was the seventh largest aviation market with 187 million passengers — travelling to, from and within India — in financial year 2017-18.
- At present, the Indian airports transport 183.90 million passengers a year. The number has grown in recent years — from 134.98 million in 2015-16 to 158.43 million in 2016-17. It is expected to cross 200 million in 2019. However, some of the bigger airports are already operating in excess of their capacity. (Read – Busiest Domestic Air Route: Mumbai-Delhi Ranked No 3 In the World)
- The fleet of commercial planes is likely to rise to 2,359 in March 2040. It was 622 in March, last year.
- Currently, India has one of the largest aircraft order books with pending deliveries of over 1,000 aircraft.
- Most of the large airports in the country would saturate over the next 10-15 years.
- According to the Vision 2040 document, India would have its own aircraft leasing industry, with tax structure and repossession processes being “equally or more attractive than those in leading global jurisdictions”.
- The expected increment in the land required would be approximately 1,50,000 acre with the capital investment to be around USD 40-50 billion, excluding the cost of acquiring land.
- According to the Vision 2040 Document, the government may establish a NABH Nirman Fund (NNF) with a starting corpus of around USD 2 billion to support low traffic airports in their initial phases. NABH stands for Next Generation Airports for Bharat.
- The concept of land pooling may be used to keep land acquisition costs low and to provide land owners with high value developed plots in the vicinity of the airport.
- India will also have a robust commercial aircraft manufacturing ecosystem with global collaboration. It will meet at least 70% of the country’s commercial aircraft demand and also export to other countries.