Search Result for : Airports

The Dollar Business Bureau Citing the importance of efficient logistics for facilitating trade, Minister of Commerce and Industry and Civil Aviation Suresh Prabhu on Thursday said that 56 new airports in India would be functional in the coming few years. “Efficient logistics is critical for countries like India to harness trade and facilitate greater and faster integration with both the domestic as well as the world economy,” the Minister said while speaking at the two-day Global Logistics Summit, jointly organised by Ministry of Commerce, FICCI and World Bank Group. Keeping this in mind, 56 new airports will become functional in the next few years which will enhance connectivity in the country,” he added. While urging all the stakeholders to churn new ideas for enhancing India’s logistics efficiency, Prabhu said, “There ...

The Dollar Business Bureau The next edition of consolidated FDI policy details were released by the Ministry of Commerce  on Aug 28, incorporating the changes made last year. The Department of Industrial Policy and Promotion (DIPP) in its press release said that the ‘new circular will take effect’ from today ie, Aug 28, 2017. The consolidated FDI policy is a compilation of the various decisions taken by the government in the past year and the DIPP which deals with FDI related matters, compiles all policies related to foreign investment regime into a single document to make it simple and easy for investors to understand. This enables an investor friendly climate for foreign investors who would otherwise have to go through various press notes and ...

The Dollar Business Bureau Qatar Airways and Vistara on Tuesday entered into an interline partnership, under which customers of the two carriers will have seamless travel to and from India to over 150 destinations. The partnership is effective from Monday, Qatar Airways said in a media release. The Gulf carrier currently operates to 13 cities in India from Doha while Vistara, the Tata-SIA run domestic carrier operates to 18 domestic destinations. An interline arrangement refers to a pact to issue and accept tickets for flights that are operated by the partner airline. When selling an interline ticket, the operating airline's own flight numbers are used. According to the Interline partnership arrangement, passengers holding a Qatar airways’ can travel seamlessly to and from a wide range ...

The Dollar Business Bureau The GMR Goa International Airport Limited, an SPV formed by the GMR Airports Limited has won a project to develop and operate a Greenfield International Airport at Mopa, in North Goa. A signed Concession Agreement with the Government of Goa for development and operation of the same was arrived at on 8th November 2016. The project was won by GMR Airports Limited through international competitive bidding process with highest revenue share of 36.99%. The model based on the public-private-partnership is based on Design, Build, Finance, Operate and Transfer (DBFOT) basis. The project will operate in a hybrid mode till model with 30% cross subsidy, and will be implemented in four phases. The total estimated cost of Phase I of the project is ...

The Dollar Business Bureau Airfares and subsidy by the government to airlines under UDAN scheme will be reviewed on quarterly basis depending on the inflation. The UDAN (Ude Desh ka Aam Naagrik) scheme, which seeks to connect under-served and un-served airports, provides for a limit on prices of air tickets and viability gap funding (VGF) for the airlines. The Ministry of Civil Aviation has said that VGF and caps on the prices of air tickets under the UDAN scheme would be revised every three months. The airfares would be associated with inflation, while VGF would be considered on the basis of inflation, aviation turbine fuel cost and dollar-rupee exchange rates. The first flight, under the UDAN scheme, took off from Shimla to New Delhi, last month. “Both airfare and ...

Aamir H Kaki Minister for State for Civil Aviation, Jayant Sinha, on Friday said that under the UDAN scheme, the government is slated to create 100 more airports in the next 2-3 years. “In one year, under UDAN, we have added 31 new airports. Eventually, over the next 2-3 years we can add 100 more airports to the existing 75. So that we have 175-200 airports,” he detailed while speaking at the Confederation of Indian Industry’s (CII) Annual Session 2017. Briefing about UDAN, he said, “We have created a market-friendly innovative scheme that lures the airlines to go to these under-served markets.” “India is the 3rd largest aviation market now. We have 160 million passenger trips a year,” Sinha said. ...

The Dollar Business Bureau  The Government assigned the Asian Development Bank (ADB) to carry a feasibility study and to prepare the Conceptual Development Plan for East Coast Economic Corridor (ECEC) that will link Kolkata in the eastern region of the country through Chennai to Tuticorin in the South.  “The Government of India gave its concurrence for engaging the ADB for carrying out feasibility study and preparing the Conceptual Development Plan for East Coast Economic Corridor (ECEC) linking Kolkata in the East through Chennai to Tuticorin in South in a phased manner, Commerce and Industry Minister Nirmala Sitharaman said in a written response in Lok Sabha on Monday. The final study on the Conceptual Development Plan for Visakhapatnam-Chennai Industrial Corridor (VCIC) has been submitted by the ADB. Master plan has started ...

Kanchi Batra No matter how thrilling your trip is after a while airports just get boring. Waiting at the airport for your flight can be an extremely boring and annoying experience, especially when there are delays. Also after going through snaking security lines and security checks, travellers have to go through noisy, jam-packed gate areas. Unless they have the option to head towards an airport lounge. Airport lounges may be travel industry’s best-kept secret. These calm and secluded areas make travelling less torturous. Lounges are akin to specialised hospitality clubs that service frequent flyers and passengers holding business- or first-class tickets. Good news for the new age flyers. DreamFolks, one of India’s leading providers of travel benefits and services, has collaborated with ...