Aviation News

Centre may announce privatisation of 12 more airports, Infra News, ET Infra

NEW DELHI: In a bid to attract more private investment in the aviation sector, the Centre may announce privatisation of 12 more airports in the upcoming Union Budget, ET Now reported quoting sources.

According to sources, the aviation ministry has sent a list of 12 airports which needs to be handed over to private players.

Under the National Asset Monetization Scheme, the aviation ministry has been tasked to generate Rs 20,000 crore through asset monetization.

It has also set an ambitious target to invest around Rs 98,000 crore over a period of next four to five years to improve and enhance the aviation infrastructure, ET Now reported.

A major chunk of the money will come through the privatisation of airports, it said.

According to sources, the airports in cities like Raipur, Jabalpur, Vijayawada, Kolkata, Indore are expected to be floated for privatization this year.

Sources told ET Now that the ministry aims to generate more than Rs 8,000 crore through privitisation.

They added that drones are another key area for the aviation ministry.

Notably, a PLI (production linked incentive) scheme for drone and drone components was announced earlier with a budgetary outlay of Rs 120 crore.

In the upcoming budget, the budgetary outlays are likely to be expanded, sources said, indicating that the budgetary outlay could be increased to around Rs 200 to 250 crore to give a major boost to the startups in the drone sector.

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