Greenfield airports are slated to witness significant growth in the Indian airport infrastructure market through 2030 with the investment opportunity of Rs 2.3T(trillion) between FY2023- 30 and about 150,000 acres of land for development, according to a recent report by Praxis Global Alliance, a global management consulting and advisory services firm.
With the growing demand for airports, India needs an average additional 34 airports by 2025, and about 125 airports by 2030 to meet the 350-400M(million) additional passengers demand forecasted by 2030.
The report on 'Airport Infrastructure' by Praxis suggests the Indian airport infrastructure sector is expected to grow at a steady CAGR as the Covid-19 clouds clear and demand increases. The report has evaluated the future growth potential of the sector with a focus on public-private partnerships (PPP).
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