Tourism Breaking News
Kinjarapu Ram Mohan Naidu, Minister of Civil Aviation, announced that the government would make serious efforts to amplify real estate activities within proximity to upcoming and new airports to ensure sectoral growth to an intended level of 15%. He pointed out that airports generate huge footfalls not only for recreation but also for diverse economic activities in and around their vicinity. Hence, the Government intends to encourage the creation of convention centres and hotels close to such airports for multiple economic gains.
The Minister emphasized that airports around New York, London, and Hong Kong operate at very high economies of scale with multiple associated activities, including real estate development. India, he said, would take a cue from these examples to develop similar utilities around new greenfield airports. According to the Minister, the government plans to add hundreds of airports to its civil aviation trajectory because of the sector’s potential for growth.
