IIFCL has given a loan of Rs 6,630 crore for the development of airports: MD.
India Infrastructure Finance Company Limited (IIFCL) has given a loan of Rs 6,630 crore for the development of six major airports in the country. The company’s MD PR Jaishankar said the loan has been given to support the booming aviation sector and is expected to grow in the years to come.
He said that IIFCL has also given in-principle approval of Rs 638 crore for the development of new airport in Andhra Pradesh. The airport sector in India has witnessed tremendous growth during the last few years with increased investment from both the public and private sector.
“To build world-class airports in India, IIFCL has so far sanctioned Rs 6,630 crore for developing international airports at Delhi, Mumbai, Hyderabad, Navi Mumbai, Noida (Jewar) and Goa,” Jaishankar said. That IIFCL has its presence in almost all the major airports of the country.
He said, “These airports are of national importance and are improving connectivity across the country. We are committed to contribute to the government’s mission to improve connectivity for the public and reduce the cost of logistics to benefit the economy at large.
He said that it has become imperative to enhance the capacity of airport infrastructure to meet the increasing demand for air travel in India. As per various reports, an investment of over Rs 85,000 crore is to be made for airport development in India during the financial year 2022-23 to 2026-27.
