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Govt to spend USD10 bn to develop airport infrastructure
Vijayawada . A sum of USD 10 billion would be spent in next five years to develop airport infrastructure in India so that the country could become the world’s third largest aviation market in seven years, Civil Aviation Secretary R N Choubey has said.
As many as 400 unused airstrips across the country that had become cattle grazing grounds, would be brought back to life, he said.
Addressing a day-long India Aviation Summit here today, Choubey said the Civil Aviation Ministry was determined to maintain the “historic” 23 per cent growth rate achieved in the aviation sector in the country.
“USD 10 billion would be spent in next five years to develop airport infrastructure. Our aim is to become the third largest aviation market in the next seven years. We are determined to stay ahead of the growth curve,” he said.
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