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ISSN 2063-5346
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DEVELOPMENT OF AIRPORT INFRASTRUCTURE IN INDIA WITH THE ESTABLISHMENT OF AIRPORT-BASED SEZS: THE NEED

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Dr. G. Mallikarjun
» doi: 10.48047/ecb/2023.12.si5.183

Abstract

Privatization of Airports in India has rapidly begun through the process of Liberalization, Privatization and Globalization (LPG), has witnessed the increased investments in the airport sector, which has led the Government to initiate the policy for the setting up of Greenfield Airports in India in April 2008. The economic reforms introduced in India also focused on developing the service sector like establishing airports, domestic or International. This has given impetus to the developing countries to integrate their economic activities at an International level, thereby increasing the inflow of FDI[1]. In general, the domestic economy will be strengthened with the implementation of effective transportation and logistical efficiency with the establishment of International and domestic and airports. This will result in increased access to the International market by domestic economic players.

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