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Airports Authority of India to set up separate cargo entity
THE Airports Authority of India (AAI) plans to create a company to handle cargo and has engaged state-run infrastructure consultant, RITES, to help with a business model for the new entity.
Business Standard quoted chairman of AAI, R K Srivastava, as saying in a report: "The cargo business has not been attended to in the last 60-70 years. It has been ignored for too long.
"At AAI, we feel this throws up new opportunities. RITES will submit to us the proposal this month and we will decide upon the business model."
India's draft civil aviation policy envisages regional connectivity, with smaller planes connecting various towns across the country. It also estimates passenger traffic to double to 380 million in seven years. This might also lead to an increase in cargo movement in smaller towns.
The government plans to upgrade the 400 unused airstrips built in the early 20th century, during World War-II, for regional connectivity.
The draft civil aviation policy constituted an Air Cargo Logistics Promotion Board to promote air cargo by cost reduction, improved efficiency and better coordination between ministries such as Customs and Excise. The aim is to reduce the time taken to transfer cargo from an airplane to truck by 2017.
Mr Srivastava said AAI would have to reorganise internally and upgrade manpower skills to meet the growth estimates once the new policy was implemented, which is expected to be in place by April 2016.
Business Standard quoted chairman of AAI, R K Srivastava, as saying in a report: "The cargo business has not been attended to in the last 60-70 years. It has been ignored for too long.
"At AAI, we feel this throws up new opportunities. RITES will submit to us the proposal this month and we will decide upon the business model."
India's draft civil aviation policy envisages regional connectivity, with smaller planes connecting various towns across the country. It also estimates passenger traffic to double to 380 million in seven years. This might also lead to an increase in cargo movement in smaller towns.
The government plans to upgrade the 400 unused airstrips built in the early 20th century, during World War-II, for regional connectivity.
The draft civil aviation policy constituted an Air Cargo Logistics Promotion Board to promote air cargo by cost reduction, improved efficiency and better coordination between ministries such as Customs and Excise. The aim is to reduce the time taken to transfer cargo from an airplane to truck by 2017.
Mr Srivastava said AAI would have to reorganise internally and upgrade manpower skills to meet the growth estimates once the new policy was implemented, which is expected to be in place by April 2016.
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