New Delhi, Feb 26 (TIWN) Greenfield airports will witness a significant growth in Indian aviation infrastructure market through 2030 with the investment opportunity of Rs 2.3 trillion between FY2023-30.

As per consulting firm Praxis Global Alliance, with the growing demand for airports, India needs an average additional 34 airports by 2025, and about 125 airports by 2030 to meet the 350-400 million additional passengers demand forecasted by 2030. 

"Indian airport infrastructure sector is expected to grow at a steady CAGR as Covid-19 clouds clear and demand increases," the consulting firm's report said.  "India's air travel demand had grown at an 11 per cent CAGR over FY16-20, primarily driven by growth in domestic air travel. However, Covid-19 impacted airport business resulting in an 85 per cent decline in international travel and more than 60 per cent decline in domestic travel in FY21."  According to the report, understanding the need for building airport infrastructure, the Centre has laid out over Rs 600 billion worth of investments in the next 2-3 years.