The infrastructure at some of the top airports in the country is crippling while there has been a consistent double digit growth in domestic air traffic for the past three years.
According to a recent study, the structural capacity of airports in the country is likely to be breached in the next five years.
"We are developing a comprehensive masterplan for our airports because traffic continues to grow strongly and will continue to do so. Even if we grow at 10 per cent we will see massive requirement as far as airport capacity is concerned," Sinha told reporters at the 2nd Aero Expo India 2017.
The masterplan will delve into the need for multiple airports in cities, revised and refined agreements with airport operators, providing attractive opportunities for operating brownfield airports, offering multiple brownfield airports as part of a package for bidding as well as scaling up the Airports Authority of India, Sinha said.
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According to a study last month by the Centre for Asia Pacific Aviation (CAPA), the country's airport system is expected to exceed its maximum structural capacity by FY 2022.
The CAPA estimated that India will need an investment of upto USD 45 billion to create an additional capacity of handling 500-600 million passengers at its airports by 2030.
As per International Air Transport Association's (IATA) 20-year passenger forecast, by 2036 India will be the third fastest growing market with an expected addition of 337 million new passengers from 141 passengers in 2016.
"Most crucial aspects are safety and security and there can't be any compromise on these two counts. The most stringent norms have to be adopted to ensure safe and secure air travel," Naidu said while addressing the gathering.
He added that while the number of accidents and accident rate globally have shown a decrease as per International Civil Aviation Organisation, "we should see to it that there are no accidents at all.
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