India to splurge $12 bn on airports in next two years as travel rebounds

India will spend about 980 billion rupees ($12 billion) over the next two years on airports, with airline orders for hundreds of new planes to meet resurgent travel demand putting pressure on existing infrastructure. 
 

The world’s fastest-growing aviation market aims to boost the number of airports to 220 by 2025 from the current 148, for which private builders will invest about $9 billion and state-run Airports Authority of India will bring the rest. It involves greenfield projects, new terminals and the renovation of existing facilities, including former military airfields left over from colonial times.

Though the entire country of 1.42