India’s Aviation ambitions get a boost with Rs 8,800 crore IIFCL funding! Passenger capacity expected to soar
The India Infrastructure Finance Company Limited (IIFCL) has given approval for loans amounting to Rs 8,800 crore for the development of airports and civil aviation infrastructure within the nation, its Managing Director PR Jaishankar said.
India harbors ambitious aspirations for the expansion of its civil aviation sector, and the achievement of this vision necessitates substantial investment, Jaishankar said. He went on to state that IIFCL has already approved loans of approximately Rs 8,800 crore, with around Rs 4,000 crore disbursed for the execution of airport projects.
