India needs USD 50 billion investment to build airport assets over 2 decades: Report

Mumbai: India needs an estimated USD 50 billion in building airport assets over the next two decades to cater to demand, with the next five years expected to see significant investments in the airports sector, according to a report. By 2027, the number of domestic passengers is estimated to be around 500 million while the number of international passengers is expected to swell to 200 million by that time, according to a KPMG report on India’s infrastructure sector.

Currently, there are 108 operational airports in the country, including 21 AAI-run international airports, seven international airports in joint ventures and one private state government-run international airport. The country also has 10 custom airports, 58 domestic airports and another 11 private/state government-run domestic airports, according to the AAI website.