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Indian aviation industry requires investments of USD30bn over next 15 years

9-May-2011 11:31 AM

India's Civil Aviation Secretary Nasim Zaidi stated the country’s aviation industry requires investments of INR1.35 billion (USD30 billion) over the next 15 years for infrastructure and acquiring new aircraft (Indo-Asian News Service, 07-May-2011). Mr Zaidi stated the investment is needed for the industry to cope with the increasing air passenger and cargo demand. He added the industry also requires long-term planning and a new regulatory framework.