The Union Ministry of Civil Aviation jointly with Federation of Indian Chambers of Commerce & Industry (FICCI) with the support of the International Financial Services Centre Authority (IFSCA), organised the second “India Aircraft Leasing and Financing Summit” at Gandhinagar in Gujarat.
The Minister stated that by 2047, the Government is planning to build 350 airports out of which 34 will function as mega airports handling two crore passengers annually. In the next five years, we are planning to build 50 more airports. “The UDAN scheme is also extended for another 10 years which will connect four crore passengers in the country along with creating 120 new destinations in India. He urged to create a strong ecosystem for aircraft financing and leasing in the country to become globally competitive. “GIFT City represents a transformative opportunity to bring home the values created by India’s civil aviation industry,”.
