Boost to Indian airspace
A number of developmental steps for the aviation sector have been put forth in the Annual Budget.
The Union Budget-2014 has brought several sweeping developments for the Indian aviation industry. The government plans to develop a national logistics network, which will reflect positively on the domestic cargo terminals. This move reinforces the importance of air cargo infrastructure in the country. The Airports Authority of India has identified 24 airports for the development of domestic cargo terminals.
The key projects are:
Ministry of Aviation has fasttracked the creation of air freight stations ( AFS) to handle air cargo. AFS will facilitate access of international air cargo activities into manufacturing and consumption. It will also help in decongesting air cargo terminals. Advance information about Customs will now be made available, which will not only cut down transaction costs for the companies, but also improve productivity and competitiveness. 200 low- cost airports are being planned in Tier- II and Tier- III cities in the next 20 years to enhance air connectivity. Greenfield airport policy is to be implemented by the government to build 15 additional airports.
As envisioned in the Union Budget, the government aims to bring about monumental changes in the Indian aviation sector. Better airport infrastructure and increased connectivity are among its top priorities.