The Indian Civil Aviation sector has seen a lot of growth since
the early 2000s. The "Open Skies Policy" initiated by the
Government of India ("GOI") led to a spurt of airlines
which have since catered to the growing passenger traffic.
Unlike elsewhere in the world, the Indian civil aviation market
is on an unprecedented rise with passenger traffic increasing every
year at a healthy pace, almost 20% annual growth which makes India
one of the fastest growing markets in the world. This growth has
put a lot of pressure in the allied infrastructure including
airports, ground handling, Maintenance Repair & Overhaul (MRO),
etc.
The Government has also allowed for the privatization of the
airport development sector in both Greenfield and Brownfield
projects. This resulted in the establishment of new airports in
Hyderabad & Bengaluru and the redevelopment of the airports in
New Delhi and Mumbai.
