Economics
India Plans to Open 100 Airports in Five Years
- Modi has commited $14 billion of investment in airports
- China has plans to have 450 commercial airports by 2035
An Air India Ltd. aircraft prepares to land at Chhatrapati Shivaji International Airport in Mumbai.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
India is planning to open 100 additional airports by 2024, as part of a plan to revive economic growth in Asia’s third-largest economy, according to people with knowledge of the matter.
The proposal, which includes starting 1,000 new routes connecting smaller towns and villages, was discussed at a meeting last week to review infrastructure needed by 2025, the people said, asking not to be identified as the discussion is private. Steps to start a plane-lease financing business in the country was also discussed, they said.