Growing International Tourism to Drive Airport Expansion

Foreign tourist arrivals in India are projected to grow at a CAGR of 6.2% during 2011-2015, says RNCOS in its research report.

NOIDA, India (prHWY.com) December 5, 2012 - India is one of the favorite Asian destinations for foreign tourist visit. Over the past few years, foreign tourist arrivals have been growing in India. In 2011, foreign tourist arrivals increased by 8.9% against 2010. As air is the preferred mode of travel by foreigners, large number of the foreign tourists enters India through air routes. The major countries from where foreign tourist comes to India are USA, UK, Bangladesh, Sri Lanka, Canada, Germany, France, Malaysia, Australia, Japan, Russian Federation, China, Singapore, Nepal, and Republic of Korea. Backed by the above factors, the number of foreign tourists is anticipated to grow at a CAGR of around 6.2% during 2011-2015.

According to our latest research report, "Indian Airports Market Assessment", rise in per capita income is making air travel more affordable for Indian travelers. It is anticipated that by FY 2015, Indian airports (including domestic and international) will handle close to 256 Million passengers. The Country's fast growing tourism industry will also add fuel to the market and improvise airport industry's positive future outlook. The need for internationally benchmarked airports is increasing in nation. Therefore, non-metro cities are getting authority's attention so as to develop Greenfield projects under public-private partnership in various parts of the country so as to boost tourism and trade in the region.

Our research further highlights that the airport sector has managed to attract considerable private interest. According to the 11th Plan projections, private investment towards airport infrastructure was expected to contribute INR 231.55 Billion, which is 64% of the total investment. The PPP route has progressively gained importance and is being used either for modernization or construction of airports or only for city-side development at airports.

Our report, "Indian Airports Market Assessment", provides an in-depth research and rational analysis of the current status and expected position of the airport industry in India. It facilitates forecasts on passenger traffic, cargo traffic, MRO industry, ground handling industry, and Airport and Ground Support Equipment Industry for the period 2012-2015. The comprehensive study also shed light on the potential growth areas of airport industry, analyzing its strengths and weaknesses, and including the PEST analysis. Overviews of various government regulatory bodies in the airport industry, and industry investments have also been included in the research work to provide a balanced outlook on the potentials of the airport industry in India.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM413.htm

Some of our Related Reports are:

- Indian Aerospace Industry Analysis (http://www.rncos.com/Report/IM289.htm)
- Canadian Aerospace Industry Future Outlook (http://www.rncos.com/Report/IM285.htm)
- Aerospace Industry Forecast to 2013 (http://www.rncos.com/Report/IM176.htm)

Check Related REPORTS on: http://www.rncos.com/Transportation.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: india cargo services

Categories: Transportation

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