Login

Register


3 months Free Trail

Get world class research developed by an in house team of professionals backed with strong institutional support. With reports that span across time horizons, styles and easily actionable strategies, you are never too far from executing a winning trade.

Key features and benefits of Registeration :
  • My Portfolio : Access 360° View not only of your Portfolio with Emkay, but all your Investment Portfolios
  • Emkay Research : Get Emkay's exclusive Research Reports & Trading Ideas.
  • My Watch list : Track your favorite stocks, Derivatives, Currencies, Commodities, Mutual funds on the go
  • Markets : Grab Stock Market Information at your fingertips
  • News & Announcements : Stay Updated 24x7 with news that matters.
  • Alerts : Get Alerts on Emkay Research, Trading Ideas, news on your portfolio holdings & watchlist

Generate password

Change password

Forgot Customer Code

Would you like to create a personalised login id for logging in to Emkay Website ?

Change Personalised Login ID

Govt to spend Rs 4,500 cr to revive 'un-served, under-served' airports

Share Source By

Dion Global

07 Mar 2019

In a bid to boost regional air connectivity, the Cabinet Thursday approved a proposal to "revive and develop" a number of "un-served and under-served airports" across the country at a cost of Rs 4,500 crore.

"Cabinet approves revival and development of un-served and under-served air strips of state governments, Airports Authority of India (AAI), civil enclaves, Central Public Sector Units (CPSU), helipads and water aerodromes," a government statement read.

According to the statement, the government would spend Rs 4,500 crore on the entire exercise.

"As an outcome, small cities/towns shall be connected on commencement of operation of flights to under-served/un-served airports," the statement said.

The government said the move will further boost economic development in these cities or towns as well as surrounding areas in terms of job creation and related infrastructure development.

The regional connectivity scheme UDAN (Ude Desh ka Aam Nagrik) seeks to connect unserved and under-served airports as well as make flying affordable.

The revival of airports under UDAN is demand driven, depending on firm commitment from airlines and state governments for providing various concessions.

"Under UDAN phase 1 and phase 2, 56 unserved airports are to be operationalised. Out of these 56 airports, 23 airports have been operationalised. Under UDAN 3, routes connecting 13 unique unserved airports have been awarded on January 25, 2019," Minister of State for Civil Aviation Jayant Sinha had told the Rajya Sabha on February 13.