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India's Look East policy makes Chennai airport
important: Ansari
Thursday January 31, 2013 07:23:26 PM,
IANS
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Chennai:
The Chennai airport has attained greater importance in view of the
country's Look East policy, Vice President M. Hamid Ansari said
after inaugurating new domestic and international terminals and
upgraded facilities at the Chennai airport Thursday.
"The importance of Chennai as a national and international
destination is well established. It has attained greater
importance in view of India's Look East Policy due to which
greater economic and commercial integration with countries of east
Asia and south east Asia is taking place at a rapid pace," Ansari
said.
He said passenger and freight traffic to and from these countries
was bound to increase. "With Chennai being the natural gateway due
to its geographical proximity to these countries, the upgrade and
modernisation of the airport is a timely and appropriate
initiative," he added.
Ansari said the new international and domestic terminals can
handle seven million international and 16 million domestic
passengers annually.
Stressing the important role the civil aviation plays in the
economic progress and integration of the country, Ansair said
better air services help improve competitiveness among industries
and growth in exports.
"By expanding the size of the market, aviation acts as a spur for
innovation; increases sales and profits; allows greater scope for
exploitation of economies of scales and thereby enhances
competition by offering efficient and fast mode of
transportation," Ansari said.
Referring to the growth of air transport sector in India, Ansari
said during the last 10 years compounded annual growth rate of
passenger traffic has been approximately 15 percent.
He noted that the central government has already given in
principle approval for development of 15 greenfield airports. The
Airports Authority of India is also upgrading and modernising 35
non-metro airports in the country.
"These steps will definitely help in providing better facilities
and connectivity to the citizens in coming decades," Ansari said.
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