India’s roads sector has turned more attractive for investments in the recent past. Now, airports, too, are becoming so, after a raft of initiatives by the government. A significant recent announcement was the Cabinet approval for privatization of six airports.
It comes at a good time—when investment in the sector is improving. The Crisil InfraInvex—an index that tracks the development and investment attractiveness of the infrastructure sector—score for the aviation sector has already risen to 6.5 in October 2018 from 6.1 a year ago (on a scale of 10, where 1 indicates least attractiveness).
As such, the approval to privatize six airports is significant for Indian aviation.
For several quarters now, growth has flown north and, in the process, India has become the third-largest aviation market in the world. For both Indian developers and international investors, this presents a huge opportunity. Read More