Enhance capacity of airports to handle foreign trade: IACC

New Delhi: The Indo-American Chamber of Commerce (IACC) said that the capacity of Indian airports to handle foreign trade in value terms, should be increased to 40 per cent of total trade from the present level of 30 per cent.
“At a time when zero or minimum inventories are buzzwords across the corporate world, India has to create strong physical infrastructure to empower the trade and industry to export and import consignments with minimum gestation period,” said Mr Vivek Lall, chairman of the IACC’s National Committee on Civil Aviation and Aerospace Committee who is also the managing director of Boeing India’s commercial airplanes division.
Complimenting the government for giving a right focus on aviation sector in recent days, Mr Lall said that there are over 80 small and large airports that require immediate modernisation. Also, a few more Greenfield airports should be set up.
IACC said that the total resource requirements airport modernisation and creation of Greenfield airports will be upwards of $ 10 billion over a period of five years.
14/05/06 UNI/Navhind Times

To Read the News in full at Source, Click the Headline