New age airports must be agile, smart, and sustainable, as well as revenue efficient
Swati Sanyal Tarafdar
In September 2014, the Airports Authority of India (AAI) had announced that it would be building 50 low-cost, no-frills airports all over the country. This is in tandem with its Policy on Airports that clearly lays down that “The quality of airport infrastructure, which is a vital component of the overall transportation network, contributes directly to a country’s international competitiveness and the flow of foreign investment.” To emphasize the importance of upgrading the airport infrastructure in the country, it clearly depicts that “while cargo carried by air in India weighs less than 1% of the total cargo exported, it accounts for 35% of the total value of exports. Better cargo handling facilities lead to enhanced levels of importation, especially of capital goods and high-value items. Likewise, 97% of the country’s foreign tourists arrive by air and tourism is the nation’s second largest foreign exchange earner.” This is only one aspect of revenue generation and associated infrastructure, design, and execution considerations around airports.
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NBM&CW October 2017